5141 Seminole BlvdREDINGTN SHOR, FL 33708

Property Details for 5141 Seminole Blvd

Year built

1969

Construction

CONCRETE BLOCKS

Lot size

0.55 AC

Property size (Sq ft)

2,386 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

03-31-15-00000-120-1300

APU

33115000001201300

Description

This exceptional storefront retail opportunity, located at 5141 Seminole Blvd in Redington Shores, Florida (zip code 33708), presents a fantastic chance to own a thriving business. The 400 square foot space is currently operating at 100% occupancy as an art gallery, offering a turnkey operation with the potential for immediate income generation. The asking price is $29,000, representing a 5.00% cap rate. The property is a single-tenancy storefront with a modified lease in place, offering a remaining term of one year. This provides a unique opportunity for a buyer to establish themselves in a prime location, benefitting from the existing clientele and the established business model. The seller is offering training, providing invaluable support for a smooth transition and continued success. The property's location near the beaches of Redington Shores ensures high foot traffic and visibility, making it an ideal location for a variety of retail ventures. This is a rare chance to acquire a profitable, established business with significant upside potential in a highly desirable coastal location. The property's latitude and longitude coordinates are 27.8191433, -82.7866645.

• CAP approach

  CAP return

  Valuation

  6%

  $465,146

  6.5%

  $429,365

  7%

  $398,696

• Comparable approach

  Method

  Valuation

  Relative Method

  $263,128

  Geo Method

  $263,128

• Alternative Use

  Use

  Valuation

  Residential

  $532,413

  Hospitality

  $487,688

  Educational

  $405,750

  Medical

  $419,705

  Retail

  $631,167

Location Insight

City

Saint Petersburg

County

Pinellas

State

Florida

Latitude

27.819

Longitude

-82.7866

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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