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120 PINE AVENUE N

Commercial Recently Sold
$1,405,000

BTC: 22.66092482

ETH: 443.62770637

Sold on: 2022-05-20
18 days
0 room(s)
5,410 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Fully leased medical investment property. Free standing building 100% leased to BayCare Medical Group, Inc. a wholly owned subsidiary of BayCare Health System. Tenant has been at this location since 2006. They recently upgraded the building showing a strong commitment to the property. The lease term has approximately 42 months remaining and the tenant has no options to renew providing a buyer with strong upside. Very rare north Pinellas County medical investment property. Opportunity to acquire a commercial real estate investment with a tenant that is internet and pandemic resistant. Current below market rental rate provides significant financial upside. Extremely tight market with significant barriers to entry for new commercial construction. Above market parking ratio and easy access from fully signalized intersection of Tampa Road and Pine Avenue.

Location

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
2006
Lot:
3.69 Acres
Heating:
No Data
Price/sqft:
$277
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Cooling

    • Central Air

  • Lot

    • Lot: 3.69 Acres

    Other Property Information

    • Parcel Number: 142816202280001200

    • Zoning: C-2

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Office

  • Other financial information

    • Annual tax amount: $12,523

  • Source details

    • MLS ID: U8156562

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Living Area: 5410

    • Subdivision Name: CYPRESS LAKES PROF CENTER

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KLEIN & HEUCHAN INC REALTY