3580 66th AVENUE N, Pinellas Park, FL, 33781 | $2,325,000

The property at 3580 66th Ave N, Pinellas Park, FL 33781 offers a versatile and rare opportunity for both owner-users and investors to capitalize on the growing demand for flex space in the highly desirable Pinellas Park market. With a total building size of 10, 238 square feet and 8, 516 square feet under air, this asset provides 27 separate units, all currently leased on month-to-month terms. This gives a future owner or investor tremendous flexibility to either occupy space for their own business or restructure leases for higher long-term returns.

The flexible leasing structure offers a unique opportunity for an owner-user to occupy part of the space while continuing to benefit from rental income generated by the remaining tenants. This flexibility makes the property ideal for businesses looking to expand or relocate in a central, growing market.

Currently, Ken’s High Tech Auto & Marine occupies five of the commercial bays and will vacate upon sale, leaving behind existing lifts and equipment. This feature allows a new owner to either occupy the space or lease it to another automotive business seeking a turnkey setup.

Alternatively, for investors, the 27 fully-leased units provide immediate cash flow with significant upside potential. The short-term leases allow a new owner to increase rents and lock in higher returns as demand for flex and industrial spaces in Pinellas Park continues to grow. This is a value-add investment with the potential to benefit from the city’s robust economic development and limited supply of industrial properties.


Pinellas Park is one of the fastest-growing areas in Pinellas County, with increasing demand for flex space driven by contractors, automotive businesses, and small manufacturers. The city offers excellent infrastructure and access to major transportation routes, making it a prime location for businesses looking for centrally located operational space. As one of Pinellas County’s fastest-growing areas, Pinellas Park has high demand for industrial and flex spaces. It is well-connected, with major routes facilitating regional business, making it a hub for automotive, contractor, and small manufacturing enterprises. The property’s strategic location in this undersupplied market adds substantial value for any buyer. The market is undersupplied, and new industrial developments are scarce, which adds significant value to the flex, outdoor storage, industrial, automotive, and warehouse uses at 3580 66th Ave N.

Zoning:

The property at 3580 66th Ave N, Pinellas Park, FL 33781 is zoned for Commercial use under Pinellas County’s zoning code, specifically allowing for light manufacturing, automotive services, and other business operations in smaller-scale industrial environments.


Allowed Uses:

1. Automotive Repair and Services
2. Light Manufacturing
3. Warehousing/Storage
4. Contractor Businesses
5. Printing Plants
6. Retail Trade
7. Office Spaces

This property is a versatile asset with unlimited possibilities. Whether you’re an owner-user looking to occupy space or an investor seeking to capitalize on the rising demand for flex space in Pinellas Park, 3580 66th Ave N offers an ideal opportunity to grow with the market. With its fully leased units, flexible lease structures, and prime location, this property is poised for long-term value and income growth.

All reasonable terms and offers considered.

Features

  • Property Type: Industrial
  • Construction: Block, Metal Frame
  • Cooling: A/C - Office Only, Wall/Window Unit(s)
  • Year Built: 1967
  • Approx Sq. Feet: 3,528
  • Acreage: 0.47
  • Est. Taxes: $8,202
  • MLS#: O6252922
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/O6252922/358066thavenuen_pinellaspark_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/1/2024 1:19:58 AM)
Listing courtesy of Compass Florida LLC   Phone: 321-384-5524

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NMLS Mortgage Loan Originator ID 16953

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3580 66th AVENUE N, Pinellas Park, FL, 33781

$2,325,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,860,000 $1,860,000 $1,860,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.343% 6.851% 6.704%
Monthly Tax Payment $684 $684 $684
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,910 $12,064 $16,203
Total Monthly Payment $12,719 $12,873 $17,012

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.