For Sale
$2,325,000

3580 66Th AvePinellas Park, FL 33781

10,238 SF Flex Space, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional Pinellas Park, FL property presents a compelling investment or owner-user opportunity. The 10,238 square foot building, featuring 8,516 square feet of climate-controlled space, is comprised of three single-story buildings and houses 27 individual units, currently 100% occupied with month-to-month leases. This provides immediate cash flow and significant upside potential for rent increases. The property boasts 27 loading docks and dock-high doors, ideal for various uses. Five units are currently occupied by an automotive business, which will vacate upon sale, leaving behind existing lifts and equipment, creating a turnkey opportunity for a similar business or a new tenant. Built in 1967 and renovated in 2007, the property sits on a 0.48-acre lot and is zoned for commercial use, allowing for a variety of light industrial and commercial operations, including automotive repair, light manufacturing, warehousing, and contractor businesses. The property offers a pro-forma cap rate of 10.10% and a pro-forma NOI of $234,837. Its prime location in a rapidly growing area of Pinellas County, with excellent access to major transportation routes, ensures strong demand and long-term value. The asking price is $2,325,000, representing a price per square foot of $227.10. This fee-simple ownership presents a rare chance to acquire a high-performing asset in a thriving market with substantial upside potential. The property's flexible zoning and diverse tenant base make it an attractive investment for both owner-users and investors seeking strong returns. All reasonable offers will be considered.

Highlights

  • Prime Pinellas Park location with high demand for flex/industrial space.
  • 10,238 SF building; 8,516 SF air-conditioned.
  • Five-bay turnkey automotive space available; lifts and equipment included.
  • 27 fully occupied units on month-to-month leases.
  • Value-add opportunity; potential for rent increases.
  • Flexible zoning for diverse uses.

Property Details for 3580 66Th Ave

Property type
Warehouses, Specialty properties
Square Feet
10,238 SF
Class
B
Year Built/Renovated
1967/2007
Buildings
3
Stories
1
Lot Size (sq. ft)
20,909 SF
Units
27

Location Insight

City
Pinellas Park
County
Pinellas
State
Florida
Latitude
27.831955419857
Longitude
-82.682185396171
3580 66Th Ave, Pinellas Park, Florida

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3580 66Th Ave
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