1211 Gulf BlvdIndian Rocks Beach, FL 33785

Property Details for 1211 Gulf Blvd

Year built

1963

Construction

CONCRETE BLOCKS

Lot size

0.37 AC

Property size (Sq ft)

4,080 SF

Property type

Retail properties

Property subtype

Strip malls

APN

01-30-14-42030-033-0250

APU

13014420300330250

Description

This exceptional retail opportunity is located at 1211 Gulf Blvd, Indian Rocks Beach, Florida, in Pinellas County (zip code 33785), near the cross streets of 13th Avenue. The single-story, 4,080 square foot building, constructed in 1963, currently operates as a multi-tenant laundry facility. The property offers a flexible layout with three total suites, allowing for various configurations to suit diverse business needs. Currently, 2,040 square feet of space is available for lease, divisible into units as small as 1,020 square feet and with a maximum contiguous space of 2,040 square feet. This presents a unique chance for expansion or a new venture in a high-traffic beachfront location. The property's prime location on Gulf Boulevard ensures high visibility and accessibility, making it an ideal spot for a variety of retail businesses. The building's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment costs. This is a rare opportunity to acquire a well-situated retail property in a thriving coastal community. The property's size and layout offer significant potential for growth and profitability. Serious inquiries are encouraged to explore this exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,169,220

  6.5%

  $1,079,280

  7%

  $1,002,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,133,855

  Geo Method

  $1,133,855

• Alternative Use

  Use

  Valuation

  Residential

  $910,413

  Hospitality

  $833,933

  Educational

  $693,823

  Medical

  $717,684

  Retail

  $1,079,280

Location Insight

City

Indian Rocks Beach

County

Pinellas

State

Florida

Latitude

27.8956

Longitude

-82.8485

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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