8331 66Th StPinellas Park, FL 33781

Property Details for 8331 66Th St

Year built

1975

Construction

CONCRETE BLOCKS

Lot size

0.74 AC

Property size (Sq ft)

2,862 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

29-30-16-68958-001-0010

APU

293016689580010010

Description

This exceptional .74-acre commercial land parcel presents a unique ground lease opportunity in desirable Pinellas County. Located at 8331 66th Street, this vacant lot is ideally suited for a variety of commercial developments. The property's single-tenant designation offers streamlined management and potential for customized development. Its size provides ample space for a range of projects, from small-scale retail to larger-scale commercial ventures. The location within Pinellas County offers excellent access to major transportation routes, ensuring convenient access for both employees and customers. This presents a compelling investment opportunity for developers seeking a prime location to build and lease a new commercial property. The absence of existing structures allows for complete design flexibility, enabling the creation of a building perfectly tailored to specific business needs. Prospective tenants will benefit from the strategic location and the potential for significant return on investment. This is a rare chance to acquire a sizable, vacant commercial lot in a thriving area of Pinellas County. The property is ready for immediate development, making it an attractive option for those seeking a quick turnaround on their investment. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The property is zoned for commercial use, allowing for a wide range of development options. Further details regarding zoning regulations and development possibilities are readily available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $820,173

  6.5%

  $757,083

  7%

  $703,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $795,366

  Geo Method

  $795,366

• Alternative Use

  Use

  Valuation

  Residential

  $638,628

  Hospitality

  $584,980

  Educational

  $486,696

  Medical

  $503,435

  Retail

  $757,083

Location Insight

City

Pinellas Park

County

Pinellas

State

Florida

Latitude

27.8477

Longitude

-82.7283

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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