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Available For Sale - Retail

10,172 SF | Show Pricing $

AVAILABILITY DETAILS

Size
10,172 SF
Price/SF
Show Pricing $
Listing ID
SA383271
Notes
Off Market Strip Center Scarcity * ROYAL POINCIANA PLAZA



Come and Get It > Super Rare Strip Center for Sale on 4th Street South > There is only One Strip Center on all of 4th Street South - It is yours to own.



Our Off-Market Offering is for a Strip Center Plaza on 4th Street South. The Property consists of 10,172 sf of building and over 1/2 acre of land. The floorplan shows 6 retail units plus an 2 legal apartments. It appears the plaza could be divided into 9 retail units.



Current Gross is $104k. Current NOI is $90k. Rents are well under market in our opinion. A value add buyer could expect to restabilize at an estimated $13-14 NNN as opposed to the average $10 gross in place. Most leases are month to month. A couple are 1 year. And one is 2 years. Contact us for a rent roll. Restabilization can happen rather quickly to achieve an estimated $130-140k NOI.



The locale is stellar - surround by the Innovation District, Hospital compounds and the new University complexes, plus the proposed Salt Creek Development. The area also has a new Dunkin, Taco Bell, renovated McDonalds and Wendy's.



This Site is also prime for future development with the remarkable .55 acre 4th Street footprint.



Consider Contacting JonnY RenO La Budde 727-510-1921 / LaBuddeReno@aol.com



Location Description: Location Supremacy - the Site is located on 4th Street South on the 1200 block at 1201, between 11th Avenue South and 13th Avenue South on the west side.



The 4th Street corridor runs the full length of the city from Gandy to Pinellas Point. This street is considered the #1 Commercial Corridor in the county.



The address is unequal being only 1 minute to the Innovation District, Marina District, Bayfront Hospital, All Children's and USF.

The site is only 2 minutes to Downtown St Pete, the Interstate, and the Waterfront.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jon Reno La Budde, AXXOS
BRE# SL3088599