TWO STORY BRICK OFFICE BUILDING WITH 24 OFFICES, 2 CONFERENCE ROOMS, AND 35 PARKING SPACES. TOTAL OF 5 LOTS. OWNER WILL COOPERATE WITH A 1031 EXCHANGE. CURRENTLY, THERE ARE 9 VACANT OFFICES. ACTUAL CAP RATE, 5.4. PROJECTED CAP RATE AT FULL OCCUPANCY, 8.2.
Courtesy of CENTURY 21 COASTAL ALLIANCE 727-867-8633
Listing Snapshot
Days Online
65
Last Updated
Property Type
Office
Square Ft.
7,284
Lot Size
0.59 Acres
Year Built
1957
MLS Number
TB8458700
Additional Details
Property Access
Frontage Type: City Street, Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Building
Built in 1957, Living area: 7064, Living area units: Square Feet, Building faces North, Construction Materials: Brick
Community
Sidewalks
Cooling
Central Air
Accessibility Features
Accessible Elevator Installed
Floors
Carpet, Luxury Vinyl, Tile
Foundation
Slab
Heating
Central, Electric
Income
Net Operating Income: $63,271
Lot
0.59 acres, Corner Lot, City Limits, Sidewalk, Street Lights, Mature Landscaping
Parking
Over 30 Spaces
Roof
Membrane
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 15-29-15-38574-004-0090, Public Survey Range: 15, Public Survey Section: 15, Annual Amount: $21,092, Tax Block: 004, Tax Book Number: 38574, Legal Description: LOT 8,9,16,17,18 BLOCK D HIBISCUS GARDENS, Lot: 0090, Year: 2025
Utilities
Electricity Available, Phone Available, Public, Underground Utilities, Water Connected, 150 Amp Service
Windows
Aluminum Frames
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