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Columbia Plaza, a +/- 21,647 SF multi-building mixed use development that includes, retail, office and warehouse spaces. The building was full renovated and modernized in 2017 with brand new façade, awnings, roof, monument signage and landscaping. This unique opportunity along a high traffic East & West corridor provides a terrific investment opportunity. Columbia Plaza consist of numbers Amazon or ecommerce resistant tenants ranging from the Paddy Wagon Bar to Hair Salon, Pet Groomer, Pizza Shop and the Warehouse units. This property provides a diverse tenant mix providing a financially sound investment opportunity. All of the leases are structured as triple net and include annual escalations to provide for growth in income and protection against expense increase. This plaza has many tenants who have been occupants for over ten years and month to month tenants which allow for rent increases. The Plaza location in Mid Pinellas County with proximity to Countryside Mall in the most densely populated county in Florida. The excellent demographics, great visibility along SR 580 that sees +/- 44,000 AADT. The Proforma NOI is $273,000 with a CAP RATE of 6.07%.

Property Details of 2340 State Road 580

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Listed by William Kochenour,III of SANTEK MANAGEMENT LLC

Clearwater, FL Demographics

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Based on information submitted to MFRMLS as of December 4, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MFRMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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