8400 Seminole Blvd Seminole, FL 33772-4328
This exceptional 2,736 square foot commercial property, located at 8400 Seminole Boulevard in Seminole, Florida, presents a unique investment opportunity. Situated on a spacious 20,003 square foot lot (approximately half an acre), this two-story building underwent a complete renovation in 2022. The first floor, encompassing roughly 1,650 square feet, is currently leased to a secure tenant under a five-year agreement. The upper level, featuring a beautifully renovated kitchen, bathroom, and two rooms, offers versatile space ideal for office use or additional income generation. The property's prime location on Seminole Boulevard, one of the busiest streets in Seminole, within Pinellas County (Florida's most populated county), ensures high visibility and significant traffic exposure – approximately 37,000 vehicles pass daily. The Commercial General zoning allows for a wide range of retail uses, supported by a marketplace gap analysis indicating demand for various businesses, including specialty food, beverages, and even apparel. The rear lot currently generates income from storage renters. The property's proximity to the Seminole City Center (1.2 miles) and a three-mile radius median household income of $63,298 further enhances its appeal. This property offers significant potential for redevelopment, given its location near numerous national retailers and the high traffic volume. The asking price is $1,300,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
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Risks
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