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5787-5793 54TH AVENUE N. Kenneth City, FL 33709
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Key Details
Sold Price $650,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 3,612 sqft
Price per Sqft $179
MLS Listing ID U8068027
Sold Date 03/02/22
Construction Status Inspections
HOA Y/N No
Year Built 1952
Annual Tax Amount $5,759
Lot Size 0.430 Acres
Acres 0.43
Property Description
Reduced nearly $50K! This property is an investor’s dream! This is a great opportunity to own a strip mall in St. Pete! Specifically includes 5787, 5789, 5791, 5793 54th Ave N and the neighboring lot, 5765 54th Ave N. The owner is turning 80 and looking to retire! His retirement is your gain as this strip mall is netting about 50k per year! Cap rate is about 7.57%. (See rent roll attached!) There are currently 3 tenants occupying 5 spaces, one of which is an empty lot. All of it is being sold together (2 parcels included in sale). All tenants have been there long-term and are on multi-year leases. Don’t miss out on this great opportunity!
Location
State FL
County Pinellas
Interior
Cooling Central Air
Exterior
Waterfront false
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Block
New Construction false
Construction Status Inspections
Others
Ownership Sole Proprietor
Special Listing Condition None
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Bought with MITO REALTY
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