For Sale
$1,300,000

6300-6314 Park BlvdPinellas Park, FL 33781

6-Unit Multifamily with Retail Space

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 7,431 square foot mixed-use property in Pinellas Park, Florida, encompassing two buildings on a 12,575 square foot lot. The property features six units: two buildings each with two 2-bedroom, 1-bathroom apartments, each approximately 800 square feet, and two ground-floor commercial spaces ideal for retail, office, or light manufacturing. Built in 1957, the two-story buildings offer 12 parking spaces. The property boasts a strong NOI of $92,700, resulting in a 7.13% cap rate at an asking price of $1,300,000 ($174.94/sq ft). Zoned B-1, this prime location offers easy access to major highways and is near Lowe's and the airport. The apartments include air conditioning and are pet-friendly (conditional). This is a rare chance to acquire a well-maintained, income-producing property with significant upside potential in a thriving area. The property's convenient location and versatile spaces make it an attractive investment for both residential and commercial tenants. The shared parking lot ensures ample space for all occupants and visitors. This is a turnkey opportunity for an investor seeking a strong return on investment in a desirable Florida market.

Highlights

  • 7,431 SF mixed-use property in Pinellas Park, FL on a 12,575 SF lot, featuring six units: four 2-bed/1-bath apartments (approx. 800 SF each) and two ground-floor commercial spaces.
  • Prime location near major highways, Lowe's, and the airport, zoned B-1.
  • Strong NOI of $92,700, 7.13% cap rate at $1,300,000 ($174.94/SF).

Property Details for 6300-6314 Park Blvd

Property type
Retail properties, Mixed-use properties
Square Feet
7,431 SF
Year Built
1957
Buildings
2
Stories
2
Units
6

Location Insight

City
Pinellas Park
County
Pinellas
State
Florida
Latitude
27.8391063
Longitude
-82.7242278
6300-6314 Park Blvd, Pinellas Park, Florida

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6300-6314 Park Blvd
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