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30665 Northwestern Highway
Farmington Hills, MI  48334 - USA

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(248) 957-1616

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(248) 538-4327

7501-7451 Park Blvd

7501-7451 Park Blvd
Pinellas Park, FL  

11 Days Ago

$2,690,000

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This offering consists of TWO PARCELS: a 147 Unit (17,900 SF) Self Storage Parcel on 1.44 163' x 384) acres AND 4,720 SF Retail Bldg on .56 acres. 1) 1.44 acre Self Storage Unit parcel includes Five (5) Split Face Block Bldgs with Steel Walls and Standing Seam Insulated Metal Roofs, rental office space and restroom fenced with electronic entry and security system, ( 800' on the side and back of the property provides possibility for expansion of 30 additional units and living space/larger office). Current potential Gross Income is $190,000.00 including Bill Board Lease of $10,000.00 year. (15 years remaining on lease) 2) .56 acre Parcel includes a 4,720 SF Retail bldg AND 2,000 sf climate control storage bldg ( 20 10/10 units) and seven (5x5) self storage units. Plyon signage and reader board on property. Seller is currently operating retail business. Pro Forma gross year lease income is approximately $60,000 yr.($42,009 yr NNN for retail and $18,000 for the self storage units on the property. AADT 52,197 3 Mile radius: 93,345 population, 41,639 employees, 3,070 businesses. No comparable self-storage facility for sales volume in two mile radius. Few comparable retail bldgs. for lease in the area. When annexed into Pinellas Park the new FAR will be .75, so additional sf can be developed into storage units.

Property Type: Traditional Site 
Status : Available 
Building Size: 24,620 Sq Ft
Acreage: 2.00 Acres
# of Floors: 1 Floor
Number of Buildings: 5 Bldg(s)
Number of Units: 147 Unit(s)
Room For ExpansionNo
Days Listed: 11 Days
Updated: 08/09/17 
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