8400 Seminole BlvdSeminole, FL 33772

Property Details for 8400 Seminole Blvd

Year built

1955

Construction

FRAME

Lot size

0.46 AC

Property size (Sq ft)

2,736 SF

Property type

Retail properties

Property subtype

Retail space

APN

27-30-15-00000-210-0600

APU

273015000002100600

Description

This exceptional 2,736 square foot commercial property, located at 8400 Seminole Boulevard in Seminole, Florida, presents a unique investment opportunity. Situated on a spacious 20,003 square foot lot (approximately half an acre), this two-story building underwent a complete renovation in 2022. The first floor, encompassing roughly 1,650 square feet, is currently leased to a secure tenant under a five-year agreement. The upper level, featuring a beautifully renovated kitchen, bathroom, and two rooms, offers versatile space ideal for office use or additional income generation. The property's prime location on Seminole Boulevard, one of the busiest streets in Seminole, within Pinellas County (Florida's most populated county), ensures high visibility and significant traffic exposure – approximately 37,000 vehicles pass daily. The Commercial General zoning allows for a wide range of retail uses, supported by a marketplace gap analysis indicating demand for various businesses, including specialty food, beverages, and even apparel. The rear lot currently generates income from storage renters. The property's proximity to the Seminole City Center (1.2 miles) and a three-mile radius median household income of $63,298 further enhances its appeal. This property offers significant potential for redevelopment, given its location near numerous national retailers and the high traffic volume. The asking price is $1,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $784,065

  6.5%

  $723,752

  7%

  $672,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $760,350

  Geo Method

  $760,350

• Alternative Use

  Use

  Valuation

  Residential

  $610,512

  Hospitality

  $559,226

  Educational

  $465,269

  Medical

  $481,271

  Retail

  $723,752

Location Insight

City

Seminole

County

Pinellas

State

Florida

Latitude

27.849

Longitude

-82.7876

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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