5787-5793 54th Avenue N., KENNETH CITY

$719,900

0 Beds
0 Baths
0 Sqft
.43 Acres
0 Garages

Reduced nearly $50K! This property is an investor’s dream! This is a great opportunity to own a strip mall in St. Pete! Specifically includes 5787, 5789, 5791, 5793 54th Ave N and the neighboring lot, 5765 54th Ave N. The owner is turning 80 and looking to retire! His retirement is your gain as this strip mall is netting over 50k per year! Cap rate is about 7.5%. (See rent roll attached!) There are currently 3 tenants occupying 5 spaces, one of which is an empty lot. All of it is being sold together (2 parcels included in sale). All tenants have been there long-term and are on multi-year leases. Don’t miss out on this great opportunity!

Essential Information
MLS® #U8068027
Price$719,900
Acres0.43
Year Built1952
TypeCommercial Sale
Sub-TypeRetail
StatusActive
Community Information
Address5787-5793 54th Avenue N.
AreaSt Pete/Kenneth City
CityKENNETH CITY
CountyPinellas
StateFL
Zip Code33709
Pet Restrictions YNN
Exterior
FoundationSlab
Additional Information
Days on Market556
Costs
Taxes$6,042
Tax Year2020

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on June 24th, 2021 at 11:03pm EDT.