9025 Park BlvdSeminole, FL 33777

Property Details for 9025 Park Blvd

Year built

1973

Lot size

0.53 AC

Property size (Sq ft)

7,800 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 7,800 square foot retail shopping center, located at 9025 Park Blvd in Seminole, Florida (Pinellas County, 33777), presents a compelling value-add investment opportunity. Priced at $1,200,000 ($153.85/SF), this multi-tenant property boasts a 74% occupancy rate with six tenants and offers a pro-forma NOI of $102,572 and a pro-forma cap rate of 8.55%. Built in 1973 on a 0.53-acre lot, the property features 30 parking spaces and excellent visibility on Park Boulevard, a high-traffic area with 52,000 vehicles per day. Four of the six tenants have near-term lease rollovers, creating significant potential for rental increases. The property's strong location benefits from proximity to established businesses like McDonald's, Wawa, and CVS, along with other national retailers nearby. The recent vacancy also presents an owner-user opportunity. Pinellas County's robust population growth (over 8% in the last decade) further enhances the long-term investment potential. The property is offered fee simple and has a gross lease type. APN: 26-30-15-48276-001-0241. This is a rare opportunity to acquire a well-located retail center with substantial upside potential in a thriving market.

Location Insight

City

Seminole

County

Pinellas

State

Florida

Latitude

27.8397

Longitude

-82.7654

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