MLS® ID: U8018849
1415 PINEHURST ROAD
DUNEDIN, Florida, 34698 $2,550,000
Occupancy at 80% with an almost 6% cap. Great Potential and eventually a 7%+ cap when fully leased. Corner lot with plenty of parking. Location, location, location at the corner of Pinehurst Road and San Christopher Drive in the growing Dunedin area. Rare Commercial Investment opportunity for office/retail space. There are twelve 1000 square foot units and ten 300 square foot climate controlled storage units. Three of the storage bays was finished out and is equipped with a full width (length) floor drain system, checkerboard tile floor, a significant number of fluorescent lighting fixtures, easy-to-wash vinyl covered walls (48" high), 220 volt electrical outlets (for welding and/or other large equipment, etc.) Plus, it has its own bathroom, separate side door access (and outside side-door entryway lighting), an alarm system, and is able to accommodate the installation of an additional (larger) general purpose sink (like a double sided, deep well sink). Current leases include an IT company renting 4000 SF, Media company renting 2000 SF, Credit Payment Solutions company leasing 1000 SF and a new 5 year lease with local established brewery for 3000 SF. Some furniture in photos is available for purchase or can be included in the sale. Actively marketing and leasing out all other vacant space.