$1,399,000
Description
720 - 728 Pasadena Ave S, South Pasadena, FL Rare sale of prime 5 unit commercial retail on busy Pasadena Ave by original owner of over 50 years. Owner originally occupied one unit and managed the building with excellent tenantry, long term occupants, but never raising the rents to market. The five 1290 sf units are now 100% occupied with 4 quarter to quarter tenants and 1 lease ending in 2023. Each unit has an individual central AC (less than 5 years) and electric meter. The property has 120' of frontage directly on Pasadena Avenue and its 31,000 cars passing by each day, with both front and rear parking. Opportunity for an investor to bring the rents up to market rates and increase NOI with the first quarterProperty Highlights
- Acres: 0.43
- County: Pinellas
- Year Built: 1965
- Cooling Type: Central Air
- Property Type: Commercial, Retail
- MLS #: U8146339
Property Features
| Construction Materials | Block |
| Cooling | Central Air |
| Interior Square Footage | 7,280 |
| Lot Size Acres | 0.43 |
| Lot Size Dimension | 124x150 |
| Lot Size Square Feet | 18,766 |