5002 73Rd AvePinellas Park, FL 33781

Property Details for 5002 73Rd Ave

Year built

1982

Construction

CONCRETE BLOCKS

Lot size

0.42 AC

Property size (Sq ft)

4,000 SF

Property type

Office buildings

APN

28-30-16-77544-000-0370

APU

283016775440000370

Description

This exceptional 0.42-acre commercial land parcel, located at 5002 73rd Ave N in Pinellas Park, Florida (zip code 33781), presents a compelling investment opportunity. The property encompasses 4,000 square feet and is classified as special purpose land. Currently, the site features a medical office building with a mix of occupied and vacant units. Two units are currently leased by a prominent national dentistry chain, providing a stable income stream. The property boasts low operating expenses, presenting a significant opportunity for increased capitalization. Its strategic location within the heart of Pinellas Park offers excellent visibility and accessibility. The property's existing structure provides a solid foundation for continued operation or redevelopment, catering to a variety of commercial uses. This is an ideal acquisition for investors seeking a strong return on investment in a thriving Florida market. The property's size and location make it suitable for a range of commercial ventures, offering significant potential for future growth and profitability. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-situated commercial property in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $779,792

  6.5%

  $719,808

  7%

  $668,393

• Comparable approach

  Method

  Valuation

  Relative Method

  $441,120

  Geo Method

  $441,120

• Alternative Use

  Use

  Valuation

  Residential

  $892,562

  Hospitality

  $817,582

  Educational

  $680,218

  Medical

  $703,612

  Retail

  $1,058,118

Location Insight

City

Pinellas Park

County

Pinellas

State

Florida

Latitude

27.838

Longitude

-82.7022

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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