If you don't know the area, WAWA is building their new location right across the street and will be open within the next 60 days. Obviously, their knowledge of demographics shows you that this is great location for future business of any kind. In addition, the highly trafficked 66th St. goes right thru the heart of Pinellas and this property is located immediately South of 54th Ave., right next door to Planet Fitness. As you know, WAWA, McDonalds, Planet Fitness, CVS & Walgreens do extensive demographic research on where the best locations are for their companies and you can be right in the middle of it all because those are your neighbors.
There is currently an automotive repair shop in business on this site (Same owner). However, the business can be removed and an empty shell left within 2 weeks. Should the new owner want to keep the repair equipment in the building as part of the deal, that can be arranged included in the sale. This lot is zoned C2 - General Commercial. That means it is approved to build commercial projects such as multi-family homes, medical suites, retail, car washes, etc. This is a perfect spot to maximize the opportunity on a major road with a traffic count of 39,500 vehicles passing by this location on a daily basis. The city will allow up to 21 units & 3 stories high to be built on this lot. With rents in Pinellas County for just 2 bedroom 1 bath apartments around $2,500/mo., thats an annual income of over $630,000. Factor in your build & other costs and lets see if we can put a deal together. Feel free to drive by and check out the location, do not bother the owner of the repair shop or his staff. All interactions, showings, etc. should be handled directly with listing agent.
Courtesy of EXP REALTY
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Data last updated 10/2/22, 12:16 AM UTC