1600 Fl-590 Safety Harbor, FL 34695
This exceptional Safety Harbor, Florida industrial property encompasses 10.49 acres and features three buildings totaling 104,282 square feet of warehouse space. Building 1 boasts 72,500 square feet of warehouse space, complemented by 4,964 square feet of office space. Building 2 provides 7,200 square feet of smaller bay warehouse units, each with a 10-foot overhead door and grade-level loading, plus a 5,112 square foot canopy for covered parking and loading. Building 3, situated on 3.5 acres, is fully leased to a yard waste transfer business. The property benefits from two entrances/exits on State Road 590, a cell tower with a lease extending to June 2038, and ample outdoor storage for various vehicles and equipment. Zoned M-1 (Light Industrial), this property presents a compelling value-add opportunity in a high-growth Pinellas County market, offering potential for rent increases, repositioning, redevelopment, or owner-user occupancy. The property includes approximately 457,358 square feet of built space, constructed between 1965 and 1971, and enjoys close proximity to SR-60/Courtney Campbell Causeway and adjacent railroad access. The property is fully fenced. Asking price is $15,000,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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