Shutter Me Up!! Bay Pines, Pinellas | 5275 95th St N
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Shutter Me Up!! Bay Pines, Pinellas 5275 95th St N
8,510 SF Vacant Industrial Building Saint Petersburg, FL 33708 $3,500,000 ($411/SF)
Investment Highlights
- Centrally location in Pinellas County close to Seminole, Madeira Beach, Redington Beach & Treasure Island!
Executive Summary
Opportunity of a lifetime! Hurricane shutter company of 25+ years with awesome customer base and cash flow. INDUSTRIAL MANUFACTURING WAREHOUSE & OUTDOOR STORAGE. PROPERTY FEATURES 11,780 heated SF on 1.5-acres. Property includes 5-unit industrial warehouses, with one converted to a 2 bed/2bath condo with pool. All units have hurricane shutters, oversized garage doors, and covered parking. Private road leads to fenced outdoor storage for boats, RVs, and other vehicles, and features coded gate entrance and camera surveillance. 42 spots rented monthly. Leaseholds in place for all tenants in the warehouse units. Large road sign in front for owner and tenant marketing and advertising. Materials available to construct large metal building with steel I beams for additional outside covered storage leading to increased rental income! Owner will train buyer in the hurricane shutter business. THIS IS THE COMMERCIAL OPPORTUNITY NOT TO MISS!!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $216,000 | $25.38 |
Other Income | $190,000 | $22.33 |
Vacancy Loss | - | - |
Effective Gross Income | $406,000 | $47.71 |
Taxes | $10,895 | $1.28 |
Operating Expenses | $8,000 | $0.94 |
Total Expenses | $18,895 | $2.22 |
Net Operating Income | $387,105 | $45.49 |
Financial Summary (Actual - 2023)
Gross Rental Income | |
---|---|
Annual | $216,000 |
Annual Per SF | $25.38 |
Other Income | |
---|---|
Annual | $190,000 |
Annual Per SF | $22.33 |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $406,000 |
Annual Per SF | $47.71 |
Taxes | |
---|---|
Annual | $10,895 |
Annual Per SF | $1.28 |
Operating Expenses | |
---|---|
Annual | $8,000 |
Annual Per SF | $0.94 |
Total Expenses | |
---|---|
Annual | $18,895 |
Annual Per SF | $2.22 |
Net Operating Income | |
---|---|
Annual | $387,105 |
Annual Per SF | $45.49 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Front Loading
- Property Manager on Site
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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PROPERTY TAXES
Parcel Numbers | Total Assessment | $694,412 | |
Land Assessment | $354,043 | Annual Taxes | $10,895 ($1.28/SF) |
Improvements Assessment | $340,369 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$354,043
Improvements Assessment
$340,369
Total Assessment
$694,412
Annual Taxes
$10,895 ($1.28/SF)
Tax Year
2023
zoning
Zoning Code | Commercial (Commercial/storage/industrial/manufacturing/mix use!) |
Commercial (Commercial/storage/industrial/manufacturing/mix use!) |
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RIGLER REALTY COMPANY
Shutter Me Up!! Bay Pines, Pinellas | 5275 95th St N
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