For Sale $2,950,000
Property Type Retail
Lot Size 0.79 SF
Parking Spaces Avail. 38
Year Built 1992
Year Renovated 2019
Date Updated Apr 26, 2024

Colliers is pleased to present an opportunity to purchase or lease this exceptional freestanding, multi-use building in the heart of North Pinellas County. Although currently configured for retail & office use, zoning allows for a variety of commercial uses, including retail, medical, service, or office. State Road 580 (Main Street) is a major east-west artery with an average of 45,750 VPD and growing.

The building, which contains 7,500 SF, is partially leased by a single tenant, The Good Stuff Inc, in the west portion of the building (3,481 SF). The east portion of the building (4,019 SF) is primarily office and occupied by owner. Owner will vacate upon sale or acceptance of an agreeable lease. The site contains 0.79± acres and has 125 feet of frontage on the vibrant SR 580. On the Dunedin cusp, medical and retail businesses are clamoring to locate in this area. Recent sale on the corner of Belcher and SR 580 is recorded in Property Appraiser site at $3,650,000. Retail vacancy is reported at a low 4.6% so options are sparse.

The property features space for signages above both entrances as well as a dedicated pylon signage close to the street, making this location easily visible from both lanes of traffic on SR 580. Access to the property is available on SR 580 and Belcher Road by an access easement behind neighboring business (Archwell Health & Mid Florida Credit Union *coming soon).

The property is surrounded by a variety of retail, service, and medical tenants. The immediate area boasts a dense population, with 108,229 people within a 3-mile radius. The average household income is $95,501, which makes this property appealing to a large variety of tenants and users.

All these positive factors result in this property being well positioned for re-tenanting, making this a significant value-add opportunity. The primary objective is the sell this property; however, the seller will consider leasing the entire building to a credit tenant.

Offer Memorandum available on CoStar & Crexi - CA required