1300 E Bay Dr
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1300 E Bay Dr
17,048 SF 94% Leased Retail Building Largo, FL 33771 $3,044,950 ($179/SF) 6% Cap Rate
Investment Highlights
- Hi Profile Retail Center
- Best of the Best location
- Long-Term stable tenant base
Executive Summary
John Burpee & Associates is proud to present our newest exclusive listing. The East Bay Retail Center is located at 1300 East Bay Drive, Largo Fl 33771. This 19,190 Gross Sqft / 17,048 heated centrally located retail strip plaza is located directly on East Bay drive in a hi profile location. The property is currently 97% occupied with long-term tenants that have an average occupancy of 10+ years. Current ownership only does 1 year renewals allowing a new buyer the opportunity to structure long-term leases with the larger and established tenants.
The property is situated on 1.74 Acres of land in the heart Largo Fl a vibrant growing municipality in Pinellas County Fl. The property is zoned Retail & Services and is located in an X flood zone that does not require flood insurance. The property has an over abundance of parking with 101 spots currently onsite.
In addition, there is a long-term lease billboard on site that provides additional income. The current roof was installed in 2003 and appears to be in good condition as well as the parking lot that was overlaid in 2016 according to county permit records.
The property is situated on 1.74 Acres of land in the heart Largo Fl a vibrant growing municipality in Pinellas County Fl. The property is zoned Retail & Services and is located in an X flood zone that does not require flood insurance. The property has an over abundance of parking with 101 spots currently onsite.
In addition, there is a long-term lease billboard on site that provides additional income. The current roof was installed in 2003 and appears to be in good condition as well as the parking lot that was overlaid in 2016 according to county permit records.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
17,048 SF
Building Class
C
Year Built/Renovated
1973/2009
Price
$3,044,950
Price Per SF
$179
Cap Rate
6%
NOI
$182,697
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Land Acres
1.74 AC
Zoning
Retail Strip - General Retail Strip store, office, restaurant, retail.
Parking
50 Spaces (2.93 Spaces per 1,000 SF Leased)
Frontage
298 FT on E Bay
Amenities
- Pylon Sign
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Retail space in a busy retail plaza with multiple restaurants drawing foot traffic.
| Space | Size | Space Use | Position | Available |
| N | 1,000 SF | Retail | In-Line | Now |
N
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
N
| Size | 1,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Retail space in a busy retail plaza with multiple restaurants drawing foot traffic.
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 35-29-15-70218-200-2200 | Improvements Assessment | $757,244 |
| Land Assessment | $942,756 | Total Assessment | $1,700,000 |
PROPERTY TAXES
Parcel Number
35-29-15-70218-200-2200
Land Assessment
$942,756
Improvements Assessment
$757,244
Total Assessment
$1,700,000
-
John Burpee -
John Burpee & Associates
(727) 828-9498
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