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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

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,195 SF
Building Class
B
Year Built
1987
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
1.02 AC
Zoning
GO - General Office
Parking
53 Spaces (3.27 Spaces per 1,000 SF Leased)
Frontage
210 FT on Pinehurst

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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
26-28-15-00000-120-0600
Land Assessment
$674,165
Improvements Assessment
$890,835
Total Assessment
$1,565,000
  • Listing ID: 21740587

  • Date on Market: 12/14/2020

  • Last Updated:

  • Address: 1415 Pinehurst Rd, Dunedin, FL 34698

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