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1415 Pinehurst Rd
Dunedin, FL 34698
Pinehurst Development · Retail Property For Sale
Investment Highlights
- Occupancy at 100% with 8% cap!
- 10 Year (transferrable) Roof Warranty
- Strong Municipality Tenants
- 250 Kw Diesel Generator and UPS system
- 10.5% Cash on Cash Return
- No (COVID19) Income Interruption
PROPERTY FACTS
- Storefront Retail/Office
- Industrial Warehouse
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Security System
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
About 1415 Pinehurst Rd , Dunedin, FL 34698
There are 2 Buildings located on the 1.2 acre property. A 12,000 SF Retail Plaza with 12 x 1,000 SF Storefront/Office units and a second 3,000 SF building in the rear with 10 x 300 SF storage units. Eight of 12 Storefront (retail) units are completely renovated to create one large 8,000 SF office space which is currently leased by the local Municipal Government (City of Dunedin) along with 1 additional (separate) remodeled 1,000 SF Retail unit. Three(3) remaining Storefront/Retail units were combined into a contiguous 3,000 SF Restaurant space (with an adjacent outdoor patio which adds an additional 400 SF of useable/rentable outdoor area) and is leased to a successful local Sports Bar/Micro Brewery group (with multiply locations). All 10 of the rear storage units have 8' overhead doors with "drive in" access to the units that are 12'6" wide by 24' deep (full sized single car) garage style bays. Three storage bays were remodeled to create large climate controlled 900 SF multi-purpose space with 3 overhead garage doors and a full width (length) floor drain system, checkerboard tile floor, an excessive number of florescent fixtures (providing "daylight" visibility), easy to clean vinyl covered walls (48" high), 220 volt electrical outlets (for welding and/or other large equipment) Plus its own bathroom, separate side door access (with outside, entryway lighting), an alarm system, and two parking spots right outside (next to) the side door.
Links
PROPERTY TAXES
Parcel Number | 26-28-15-00000-120-0600 | Improvements Assessment | $890,835 |
Land Assessment | $674,165 | Total Assessment | $1,565,000 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 21740587
Date on Market: 12/14/2020
Last Updated:
Address: 1415 Pinehurst Rd, Dunedin, FL 34698
The Retail Property at 1415 Pinehurst Rd, Dunedin, FL 34698 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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