6270 118 AvePinellas Park, FL 33773

Property Details for 6270 118 Ave

Year built

1980

Construction

STEEL FRAME

Lot size

1.73 AC

Property size (Sq ft)

6,150 SF

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

17-30-16-71046-200-1601

APU

173016710462001601

Description

This exceptional investment opportunity presents a 23,980-square-foot industrial portfolio situated on a 1.73-acre lot in Largo, Florida (Pinellas Park submarket). The property, located at 6270 118th Ave N, zip code 33773, comprises four Class B buildings constructed in 1980 and extensively renovated in 2022. The complex features 43 multi-sized warehouse units, ranging from 325 to 1600 square feet, each equipped with 10-12 foot roll-up doors. Ceiling heights vary from 12 to 18 feet, providing ample storage and operational space. Small office spaces are also available within the complex. Shared bathroom facilities are on-site, and electricity is available to tenants. The property boasts a high occupancy rate with staggered annual leases, ensuring consistent cash flow. Its prime location offers excellent visibility from Bryan Dairy Road and convenient access from 118th Ave N. The asking price is $3,785,000, representing a compelling $157.84 per square foot and a 6.75% capitalization rate. The property is zoned M-1 and offers a price per unit of $88,023.26. This well-maintained, high-demand property presents a strong return on investment for discerning buyers. The property is in pristine condition.

• Alternative Use

  Use

  Valuation

  Residential

  $1,372,314

  Hospitality

  $1,257,032

  Educational

  $1,045,836

  Medical

  $1,081,804

  Retail

  $1,626,856

Location Insight

City

Largo

County

Pinellas

State

Florida

Latitude

27.8771

Longitude

-82.7223

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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