1703 Missouri AveLargo, FL 33770

Property Details for 1703 Missouri Ave

Year built

1978

Construction

CONCRETE BLOCKS

Lot size

0.37 AC

Property size (Sq ft)

1,586 SF

Property type

Retail space

APN

27-29-15-85203-000-0010

APU

272915852030000010

Description

This free-standing office building at 1703 Missouri Avenue, Largo, FL 33770, presents a compelling passive investment opportunity. Built in 1978, the single-unit property is situated on a 16,000 square foot lot and includes 12 parking spaces. Currently operating under a Triple Net Lease with Kyle Smoke Shop, this property offers a strong cap rate of 7.38%. The asking price is $650,000. The building's location within a thriving commercial corridor in Largo, Florida, provides excellent visibility and accessibility. Surrounding businesses include a mix of national and local tenants, further enhancing the property's value and potential for long-term growth. This is an exceptional opportunity for investors seeking a stable, high-yielding asset in a desirable location. The property's strong tenant and favorable lease terms contribute to its attractive investment profile. The substantial lot size offers potential for future expansion or development, adding to its overall appeal. This turnkey investment requires minimal management, making it ideal for passive income seekers. Serious inquiries are encouraged to explore this exceptional investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $454,506

  6.5%

  $419,544

  7%

  $389,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $440,758

  Geo Method

  $440,758

• Alternative Use

  Use

  Valuation

  Residential

  $353,901

  Hospitality

  $324,171

  Educational

  $269,707

  Medical

  $278,982

  Retail

  $419,544

Location Insight

City

Largo

County

Pinellas

State

Florida

Latitude

27.9349

Longitude

-82.7871

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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