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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

DOUG STUDER

T. 813-507-7946

DOUG STUDER
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