$1,200,000
$1,399,000
14.2%For more information regarding the value of a property, please contact us for a free consultation.
720 PASADENA AVE S South Pasadena, FL 33707
7,280 SqFt
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,280 sqft
Price per Sqft $164
Subdivision Pasadena On The Gulf Sec C
MLS Listing ID U8146339
Sold Date 02/16/22
Construction Status No Contingency
HOA Y/N No
Year Built 1965
Annual Tax Amount $10,330
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 124x150
Property Description
720 - 728 Pasadena Ave S, South Pasadena, FL
Rare sale of prime 5 unit commercial retail on busy Pasadena Ave by original owner of over 50 years. Owner originally occupied one unit and managed the building with excellent tenantry, long term occupants, but never raising the rents to market. The five 1290 sf units are now 100% occupied with 4 quarter to quarter tenants and 1 lease ending in 2023. Each unit has an individual central AC (less than 5 years) and electric meter. The property has 120' of frontage directly on Pasadena Avenue and its 31,000 cars passing by each day, with both front and rear parking. Opportunity for an investor to bring the rents up to market rates and increase NOI with the first quarter
Location
State FL
County Pinellas
Community Pasadena On The Gulf Sec C
Direction S
Interior
Cooling Central Air
Exterior
Waterfront false
Building
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Block
New Construction false
Construction Status No Contingency
Others
Ownership Corporation
Special Listing Condition None
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