Seminole Boulevard - Multi-Building Business Center
Five free-standing buildings on busy Seminole Blvd!
Marketing description
The Crevello Business Center is an outstanding opportunity for an owner-occupant or cash-flow seeking investor.
Ownership spent years assembling and reconfiguring this into a unique and stable investment. Ideal for an entrepreneur to occupy some of the space, and collect rent from the other buildings.
The property consists of a five free-standing buildings which have been configured with common access, parking and stormwater retention.
The total building area is 4,878 SF, with building sizes ranging from 781 SF to 1251 SF (avg. 975 SF). All are single story and builtout for office use.
The site is 30,000 SF, with 300’ frontage on Seminole Blvd (a major north/south arterial roadway). It has convenient access and parking, excellent visibility with marquee and pylon signage.
Average traffic counts are above 40,000 vehicles per day.
The location, south of Largo Mall and north of the Seminole City Center, is easy to find and convenient to serve the central Pinellas market. Over 500,000 people live within a 15-minute drive of this location.
Zoning: GO, General Office in unicorporated Pinellas County.
Buildings are in a non flood area (zone X).
Investment highlights
This is an excellent opportunity for an owner-occupant to occupy one or several of the buildings and collect rent from the others.
For a cash-flow investor, with very little work, this could be an 8% cap rate deal.
The property is well maintained and has enjoyed stable occupancy over the years.
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