Largo Medical / Professional Office Listing Details & Market Data

Located in Largo north of Ulmerton Road and west of US-19 and I-275, offering easy access to surrounding areas.This multi-tenant, NNN Leased Medical Professional Investment site is situated on 2.26 acres along busy Belcher Road in the heart of densely populated Pinellas County. The site consists of 3 single story buildings totaling 23,925 SF of leasable area with 7 tenants and features highly visible pylon signage and boasts an abundance of parking with 136 spaces (5.6 / 1000 SF) which exceeds most existing medical sites in the immediate area. This 100% NNN leased offering has enjoyed long-term tenancy of existing tenants with the most recent tenant occupying 6 years ago and the longest standing tenant at 30 years of occupancy. The site has also recently undergone extensive maintenance and improvements including; Roof: Complete replacement in 2022 with a new TPO roof which carries a 15 year transferable warranty. HVAC: Majority of systems replaced in 2022 and were placed upon rood stands to meet current code requirements. Plumbing: All hot water tanks and several on demand heaters have high power flush commodes installed throughout all the buildings in 2019. Replaced main line sewer across rear of the buildings and installed grinding station and internal sewer lines in buildings 1 and 3. Property owners are planning for retirement and have taken impeccable care of the facilities and tenants which is evidenced by their long tenure on the premises. Almost 50% of the property is at below market rent offering considerable upside to a future owner.This medical / professional office is situated on 2.26 acres along busy Belcher Road in the heart of densely populated Pinellas County. This medical office park has 3 available spaces for lease between 1,600 SF and 4,000 SF. The tenant mix for the park is mostly medical with; internal medicine, family practice, an imaging center, and a variety of other medical tenants. Highly visible pylon signage and an abundance of parking with 136 spaces (5.6 / 1000 SF) which exceeds most existing medical sites in the immediate area. The site has also recently undergone extensive maintenance and improvements including; HVAC: Majority of systems replaced in 2022 and were placed upon rood stands to meet current code requirements Plumbing: All hot water tanks and several on demand heaters had high power flush commodes installed throughout all the buildings in 2019