Kenneth City, FL 33709,5787-5793 54TH AVENUE N.
Kenneth City, FL 33709,5787-5793 54TH AVENUE N.
Kenneth City, FL 33709,5787-5793 54TH AVENUE N.
10
$650,000
$659,000
1.4%
Est.Price: ?

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3,612 SqFt

5787-5793 54TH AVENUE N. Kenneth City, FL 33709

Est. payment /mo
SOLD DATE : 03/02/2022

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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

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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Stellar MLS
Listed by APEX BROKERAGE INC
Bought with MITO REALTY

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Terrence TJ Logan

Agent | License ID: 261550333

+1(813) 295-8157

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