80 Indian Rocks RdBelleair Bluffs, FL 33770

This Belleair Bluffs, FL mixed-use property presents a compelling value-add investment opportunity. The 4,045 square foot building, constructed in 1954, sits on a 0.175-acre lot and features 3 commercial tenants and 4 total units across two stories. Currently operating at 60% occupancy, the property generates a $36,000 annual NOI, with a pro-forma NOI of $72,000 reflecting potential for increased income. The asking price is $1,200,000, representing a 5% cap rate and a pro-forma cap rate of 6%. The building offers 12 parking spaces and benefits from yearly rent bumps. The property is zoned commercial and includes 3,604 square feet of net rentable space, priced at $296.66 per square foot. The property's location in Belleair Bluffs provides excellent visibility and access to local amenities. This mixed-use building offers a blend of residential and commercial income streams, presenting a strong potential for return on investment. The property's current condition presents an opportunity for value enhancement through renovations and increased occupancy. The property's location in a high-traffic area with strong local demand makes it an attractive investment for both short-term and long-term growth. The existing tenants provide a stable income stream, while the potential for increased occupancy and rent offers significant upside.