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6225-6239 Park Blvd N

8,345 SF 100% Leased Retail Building Pinellas Park, FL 33781 $1,400,000 ($168/SF) 6% Cap Rate

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Investment Highlights

Renovated 2021
Two 2/1 apartments
6% Cap Rate

Park Blvd Exposure
50,000 vehicles daily along Park Boulevard.
Value add

Executive Summary

Mixed-use investment opportunity offers upside value add. This property offers residential, retail, office, and a climate-controlled small storage/warehouse space. The property is 91% occupied and offers a 6% cap rate. The existing rental rates are well below market and could be increased almost immediately due to expiring leases terms. The property was renovated in 2021 and included roof, windows, doors, shutters and interior renovations. Due to the lease structures, a buyer could occupy a portion of the property.

6225-6239 Park Blvd. FOR SALE FLYER