6300-6314 Park Blvd Pinellas Park, FL 33781
- Retail properties
- 7,431 SF
Current Use by Public Records
- Retail properties
Property Details for 6300-6314 Park Blvd
- Year built
- 1957
- Property size
- 7,431 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional investment opportunity presents a 7,431 square foot mixed-use property in Pinellas Park, Florida, encompassing two buildings on a 12,575 square foot lot. The property features six units: two buildings each with two 2-bedroom, 1-bathroom apartments, each approximately 800 square feet, and two ground-floor commercial spaces ideal for retail, office, or light manufacturing. Built in 1957, the two-story buildings offer 12 parking spaces. The property boasts a strong NOI of $92,700, resulting in a 7.13% cap rate at an asking price of $1,300,000 ($174.94/sq ft). Zoned B-1, this prime location offers easy access to major highways and is near Lowe's and the airport. The apartments include air conditioning and are pet-friendly (conditional). This is a rare chance to acquire a well-maintained, income-producing property with significant upside potential in a thriving area. The property's convenient location and versatile spaces make it an attractive investment for both residential and commercial tenants. The shared parking lot ensures ample space for all occupants and visitors. This is a turnkey opportunity for an investor seeking a strong return on investment in a desirable Florida market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pinellas Park
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7242
- Latitude
- 27.8391
