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listing
1 of 20
CommercialFor Sale
$4,500,000
2340 State Road 580
Clearwater, FL 33763
Courtesy of Santek Management Llc
MLS: Stellar MLS
Est. Mortgage
$23,328/mo

Columbia Plaza, a +/- 21,647 SF multi-building mixed use development that includes, retail, office and warehouse spaces. The building was full renovated and modernized in 2017 with brand new façade, awnings, roof, monument signage and landscaping. This unique opportunity along a high traffic East & West corridor provides a terrific investment opportunity. Columbia Plaza consist of numbers Amazon or ecommerce resistant tenants ranging from the Paddy Wagon Bar to Hair Salon, Pet Groomer, Pizza Shop and the Warehouse units. This property provides a diverse tenant mix providing a financially sound investment opportunity. All of the leases are structured as triple net and include annual escalations to provide for growth in income and protection against expense increase. This plaza has many tenants who have been occupants for over ten years and month to month tenants which allow for rent increases. The Plaza location in Mid Pinellas County with proximity to Countryside Mall in the most densely populated county in Florida. The excellent demographics, great visibility along SR 580 that sees +/- 44,000 AADT. The Proforma NOI is $273,000 with a CAP RATE of 6.07%.

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Listing provided by Santek Management Llc
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