Property profile

8331 66th N St Pinellas Park, FL 33781

OFF-MARKET
Turn key restaurants
Property ID
US18-3435755
2,862 SF 0.74 ac lot Built 1975
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional .74-acre commercial land parcel presents a unique ground lease opportunity in desirable Pinellas County. Located at 8331 66th Street, this vacant lot is ideally suited for a variety of commercial developments. The property's single-tenant designation offers streamlined management and potential for customized development. Its size provides ample space for a range of projects, from small-scale retail to larger-scale commercial ventures. The location within Pinellas County offers excellent access to major transportation routes, ensuring convenient access for both employees and customers. This presents a compelling investment opportunity for developers seeking a prime location to build and lease a new commercial property. The absence of existing structures allows for complete design flexibility, enabling the creation of a building perfectly tailored to specific business needs. Prospective tenants will benefit from the strategic location and the potential for significant return on investment. This is a rare chance to acquire a sizable, vacant commercial lot in a thriving area of Pinellas County. The property is ready for immediate development, making it an attractive option for those seeking a quick turnaround on their investment. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The property is zoned for commercial use, allowing for a wide range of development options. Further details regarding zoning regulations and development possibilities are readily available upon request.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1975
Construction CONCRETE BLOCKS
Total area 2,862 SF
Lot 0.74 ac (32,274 SF)
APN 29-30-16-68958-001-0010
UPID US18-3435755

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8331 66th N St Pinellas Park, FL 33781-1204
Pinellas Park metro Census 24904 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$796k
Blend (final) Blend
$795k

Owner & transaction history

since 2019
5 recorded transactions
2019
$250,000
1999
$400,000
1997
$250,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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