4 unit NNN Dr MLK Jr St S/9th St S Corridor Retail Plaza with 2 vacant units available. All units are 500 sf.
One unit (500 sf) is occupied by a Barber Shop and the other unit (500 sf) is occupied by the Pool Hall/Game Room.
Both are currently renting below rental market value at $700 per month each.
Other 2 units (500 sf each) have been gutted and framed with new electrical, these units could rent for $1000 per month.
With a potential annual rental revenue of 42k – 48k and low expenses of approx 6k annually, this could be a solid 9 cap.
Highly trafficked area with road frontage on Dr MLK Jr St S/9th St S Corridor. Traffic count is approx 25,000.
Well located near Campbell Park, west of Historic Roser Park and just south of Downtown St Pete!
Developers and Builders are acquiring at a rapid rate in this area of South St Pete due to its close proximity to downtown, the Central Ave Corridor, Tropicana Field, Lassing, Straub & Vinoy Parks, the Pier, Beach Dr, the University of South Florida, Bayfront & John Hopkins Hospitals, famous museums (like the Dali or Chihuly), the Sundial shopping plaza, and so much more!