$4,090,000

About This Property

Columbia Plaza, a +/- 21,647 SF multi-building mixed use development that includes, retail, office and warehouse spaces. The building was full renovated and modernized in 2017 with brand new façade, awnings, roof, monument signage and landscaping. This unique opportunity along a high traffic East & West corridor provides a terrific investment opportunity. Columbia Plaza consist of numbers Amazon or ecommerce resistant tenants ranging from the Paddy Wagon Bar to Hair Salon, Pet Groomer, Pizza Shop and the Warehouse units. This property provides a diverse tenant mix providing a financially sound investment opportunity. All of the leases are structured as triple net and include annual escalations to provide for growth in income and protection against expense increase. This plaza has many tenants who have been occupants for over ten years and month to month tenants which allow for rent increases. The Plaza location in Mid Pinellas County with proximity to Countryside Mall in the most densely populated county in Florida. The excellent demographics, great visibility along SR 580 that sees +/- 44,000 AADT. The Proforma NOI is $273,000 with a CAP RATE of 6.07%.

infoProperty Details

Property Type

Mixed Use

Year Built

1981

Lot Size

2.13 acres

Bathrooms

0

Ownership

Other

Days on Market

25

List Date

Nov 7, 2021

Sold Date

Dec 23, 2021

Annual Taxes

chairInterior Features

yardExterior & Lot

Listed By

SANTEK MANAGEMENT LLC

727-314-5689

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