$650,000

About This Property

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!

infoProperty Details

Property Type

Retail

Year Built

1952

Living Area

3,612 sqft

Lot Size

0.43 acres

Bathrooms

0

Ownership

Sole Proprietor

Days on Market

705

List Date

Dec 9, 2019

Sold Date

chairInterior Features

yardExterior & Lot

Listed By

APEX BROKERAGE INC

813-644-5645