1615 Pasadena AveSouth Pasadena, FL 33707

Property Details for 1615 Pasadena Ave

Year built

1994

Construction

CONCRETE

Lot size

0.50 AC

Property size (Sq ft)

46,000 SF

Property type

Office properties

Property subtype

Office buildings

APN

30-31-16-00000-320-0210

APU

303116000003200210

Description

This exceptional 1,211 square foot medical office suite presents a turnkey opportunity for a small practice seeking a well-appointed space. Located in a Class B, four-story building constructed in 1994, this corner unit offers convenient access to the building's 200-space parking garage. The suite boasts a highly functional layout, including four exam rooms, each equipped with sinks, a private restroom, a comfortable waiting area, and a dedicated practitioner's office. The office-intensive design maximizes efficiency and workflow. Situated in Pinellas County, this property is part of a larger 45,548 square foot building on a half-acre lot, featuring elevators for easy access. This is a single-tenant space, currently available as a sublease expiring September 30, 2026, presenting a below-market opportunity for the right tenant. The building's convenient location and ample parking make it an attractive option for both patients and staff. Don't miss this chance to establish or expand your medical practice in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,967,607

  6.5%

  $8,277,790

  7%

  $7,686,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,072,880

  Geo Method

  $5,072,880

• Alternative Use

  Use

  Valuation

  Residential

  $10,264,461

  Hospitality

  $9,402,191

  Educational

  $7,822,512

  Medical

  $8,091,540

  Retail

  $12,168,352

Location Insight

City

South Pasadena

County

Pinellas

State

Florida

Latitude

27.7526

Longitude

-82.7413

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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