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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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