4949 Ridgemoor BlvdPalm Harbor, FL 34685

Property Details for 4949 Ridgemoor Blvd

Year built

2004

Construction

CONCRETE BLOCKS

Lot size

1.44 AC

Property size (Sq ft)

3,445 SF

Property type

Banks

APN

27-27-16-50016-000-0010

APU

272716500160000010

Description

This exceptional redevelopment opportunity presents a 3,445 square foot vacant office building situated on a substantial 1.44-acre lot in Palm Harbor, Florida. Located at 4949 Ridgemoor Blvd, this single-story, 2004-built property is priced at $1,500,000 ($302.05/SF). The property boasts RPD251 zoning, offering flexibility for various business ventures. Its prime location is adjacent to a Publix Neighborhood Center and across from a Starbucks, ensuring high visibility and convenient access. The property's proximity to Eastlake High School (with over 2,300 students) further enhances its appeal. Surrounding home values reach up to $1 million, indicating a strong and affluent neighborhood. The acquisition process is streamlined with a 60-day due diligence period and a 30-day closing window. Furthermore, there are no financial user restrictions for 24 months, and all-cash offers are accepted without contingencies. This presents a compelling investment opportunity in a thriving in-fill area. The Pinellas County property (APN: U-02-28-17-ZZZ-000000-25740.1) offers significant potential for redevelopment and strong return on investment. The property's size and location make it an ideal candidate for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,050,281

  6.5%

  $969,490

  7%

  $900,241

• Comparable approach

  Method

  Valuation

  Relative Method

  $957,385

  Geo Method

  $957,385

• Alternative Use

  Use

  Valuation

  Residential

  $817,801

  Hospitality

  $749,102

  Educational

  $623,244

  Medical

  $644,678

  Retail

  $969,490

Location Insight

City

Palm Harbor

County

Pinellas

State

Florida

Latitude

28.1011

Longitude

-82.6914

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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