Listing IDU8125021
Sold For$1,550,000
StatusClosed
Sold Date6/22/2022
SqFt
11,244
Acres
0.830
CountyPinellas
SubdivisionWittco Sub
Year Built1976
Property TypeCommercial Sale
Property Sub TypeBusiness
MEDICAL OFFICE BUILDING DIRECTLY ACROSS FROM THE HOSPITAL
3 large Medical offices in 2 buildings. Divide them for additional lease spaces. East side of building office is 5,000 SQ/FT. SW office is 2450 SQ/FT. NW office is 2450 SQ/FT. TOTAL 9800 MOR.
The building is in excellent condition all around.
Both buildings have a new roof in 2020.
The property has a new digital LED sign.
The owner/physician occupies the west wing @ $14,400 per month.
A pharmacy occupies the SW space at $3,250 per month.
Within the Doctors space is Laser Hair removal at $9,600 per year.
The final and third office is not occupied and is for lease at $2,800 per month MOL.
CORNER LOT.
FRONT AND BACK ENTRANCE.
PLENTY OF PARKING.
1. Bay Area Medical Clinic - OWNER/OPERATOR.
2. St.Petersburg Pharmacy - Tenant.
3. VACANT.
Total NOI: $251,400 - $41,332 Expenses = $210,068 or 13.1 Cap Rate.?
RENTABLE SQFT: 9800.
YEAR BUILT: 1976.
LOT SIZE: 36,456 SQ/FT.
DIRECTLY ACROSS FROM THE HOSPITAL.
Building in Excellent Condition.
New LED sign.
New Roof with a lifetime warranty.
Parking lot just re-coated.
County
Pinellas
Price Before Reduction
1800000
Price Reduction Date
2021-10-25T17:29:52+00:00
Property Sub Type
Business
Property Type
Commercial Sale
Subdivision
Wittco Sub
Year Built
1976
Building Area Units
Square Feet
Ceiling Type
Acoustical
Cooling Type
Central Air
Heating Type
Central
Levels
One
Living Area Meters
1044.60
Office Retail Space SqFt
9800
Stories Total
1
Building Features
Bathrooms, Common Lighting, Dumpsters, Fencing, Furnished, Janitorial Services, Kitchen Facility, Medical Disposal, On Site Shower, Reception, Seating, Trash Removal, Waiting Room
Construction Materials
Block, Cement Siding
Flood Zone Code
X
Foundation Details
Slab
Lot Size Dimensions
248 x 147
Lot Size SqFt
36059
Lot Size Square Meters
3350
New Construction
no
Number Of Units Total
4
Parking Features
Curb Parking, Ground Level, Over 30 Spaces
Road Frontage Type
Divided Highway
Road Responsibility
Public Maintained Road
Road Surface Type
Asphalt
Roof
Concrete, Slate
Sewer
Public Sewer
Total Acreage
1/2 to less than 1
Total Number of Buildings
2
Utilities
Natural Gas Available, Water Connected
Water Access
no
Water Extras
no
Water Source
Public
Water View
no
Building Area Source
Public Records
Building Area Total
11244
Country
US
MLS Area Major
33710 - St Pete/Crossroads
Township
31
Waterfront
no
Adjoining Property
Commercial
Contract Status
Appraisal,Financing
Days To Closed
393
Front Footage
147
Mls Status
Sold
Property Condition
Completed
Public Survey Range
16
Public Survey Section
05
Sale Includes
Building(s) and Land
SDEO
no
Annual Expenses
46045
Annual Income Type
Projected
Current Price
1550000.00
Gross Scheduled Income
192000
Listing Terms
Lease Back
Net Operating Income
145955
Special Listing Conditions
None
Tax Annual Amount
16279.02
Tax Block
1
Tax Book Number
75-15
Tax Lot
1
Tax Year
2021
Listing information ©My Florida Regional MLS DBA Stellar MLS 2022. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on Wednesday, June 29th, 2022 at 06:43:01 PM.
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