Oldsmar, FL 34677,120 PINE AVE N

$1,405,000

Est. payment /mo

$1,499,000

6.3%
Est.Price: ?

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120 PINE AVE N Oldsmar, FL 34677

5,410 SqFt

SOLD DATE : 05/20/2022

Key Details

Sold Price $1,405,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 5,410 sqft

Price per Sqft $259

Subdivision Cypress Lakes Prof Center

MLS Listing ID U8156562

Sold Date 05/20/22

HOA Y/N No

Year Built 2006

Annual Tax Amount $12,523

Lot Size 3.690 Acres

Acres 3.69

Property Sub-Type Office

Source Stellar MLS

Property Description

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

State FL

County Pinellas

Community Cypress Lakes Prof Center

Area 34677 - Oldsmar

Zoning C-2

Direction N

Interior

Cooling Central Air

Building

Story 1

Foundation Slab

Lot Size Range 2 to less than 5

Structure Type Block,Stucco

New Construction false

Others

Ownership Corporation

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

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Stellar MLS
Listed by KLEIN & HEUCHAN INC REALTY
Bought with COASTAL PROPERTIES GROUP
agent

Magda Whelton

Advisor | License ID: SL3226366

+1(941) 408-4047

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