Listed by Coldwell Banker Commercial Realty
$1,700,000
Antique Alley
Details
APN 322915925560000043
Property Type Retail
Sub Type Shopping Center
Square Footage 12,448
Units 19
Cap Rate 6%
NOI $101,988
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $137
Broker Co-Op Yes
Year Built 1951, '58, '60, '64, '68, '85
Year Renovated Varies
Buildings 6
Stories 1
Lot Size (SqFt) 47,480
Zoning ROR
Investment Type Value Add
Retail | 6.00% CAP | 12,448 SqFt
Marketing description
Created in the late 1950’s, the Antique Alley in Belleair Bluffs, FL has been a beehive of retail activity ever since. Over the years, The Alley was often an incubator for retailers that began there and then moved on to larger retail footprints in the same booming trade market. The Shops on The Alley now include an eclectic mix with a wide variety of products and services, but with a common thread. Each provide something that is unique and hard to find elsewhere.
Investment highlights
This is an outstanding value-add opportunity in perhaps the most desireable trade market in the Tampa Bay Metro.
Tweaking the tenant mix and rents over time will yield handsome returns.
Listing Contacts
Listed by Coldwell Banker Commercial Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,988.00
$8,499.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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