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FOR SALE
6661 49th St | Buccaneer Plaza
23,936 SF Retail Building | $3,250,000 | 7.54% Cap Rate | Pinellas Park
Highlights
PRICE:
$3,250,000
CAP RATE:
7.54%
INVESTMENT SUMMARY
Vector Commercial Real Estate Services is pleased to offer for purchase Buccaneer Plaza, a 23,936 square foot retail center located in Pinellas Park, Florida, near St. Petersburg. Buccaneer Plaza is 96.5% leased to eleven (11) local tenants including The Pizza Joint, Terra Mar Brazilian Steakhouse, Martial Gaming, Winz Lash & Brow, and Canna Doctors of America. Notwithstanding the occupancy level, Buccaneer Plaza offers a new owner significant upside potential because of below-market rents, and gross leases that are being converted over time to net leases. Buccaneer Plaza is centrally located in Pinellas Park which is a municipality in Pinellas County between St. Petersburg and Clearwater. The center is located on 49th Street North, a main north-south commercial artery, and just south of Park Boulevard with a traffic count of 45,000 vehicles per day.
PROPERTY DETAILS
Gross Leasable Area
23936 SF
No of Stories
1
Year Built
1982
Property Type
Retail
Building Class
B
Zoning Description
C1, Pinellas Park
Lot Size
2.65 AC
APN / Parcel ID
33-30-16-10836-001-0060
LOCATION
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