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66th Avenue Flex Center 3580 66th Ave N

8,516 SF 100% Leased Flex Building Pinellas Park, FL 33781 $3,265,881 CAD ($383 CAD/SF)

Investment Highlights

  • Prime Location: Situated in the booming Pinellas Park market with strong demand for flex and industrial space.
  • Value-Add Opportunity: Potential to increase rents and lock in higher returns as market demand grows.
  • Dynamic Zoning: Supports light manufacturing, automotive, contractor businesses, and more.
  • Turnkey Automotive Service Space: Five bays will be vacated, with lifts and equipment included for continued automotive use or re-leasing at premium..
  • 27 Leasable Units: Fully occupied on month-to-month leases, allowing rent optimization.
  • Flexible Ownership: All reasonable Terms and Pricing Considered. Seller Financing Possible. Brokers Protected.

Executive Summary

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.
Investment and Owner/User Opportunity:
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.
Market Overview: Pinellas Park
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 (body shops, diagnostic services)
2. Light Manufacturing (small equipment, metalwork)
3. Warehousing/Storage (non-hazardous materials)
4. Contractor Businesses (electrical, plumbing, construction)
5. Printing Plants
6. Retail Trade (limited, as an accessory use)
7. Office Spaces (administrative/professional services)
This zoning is designed to support a variety of commercial and light-industrial uses that serve the community’s industrial and business needs. Consult Pinellas County’s zoning and planning office for detailed guidance or conditional uses.
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. Brokers Protected.

Financial Summary (Pro forma - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $366,492 $43.04
Other Income $39,333 $4.62
Vacancy Loss $30,744 $3.61
Effective Gross Income $375,081 $44.04
Taxes $9,580 $1.12
Operating Expenses $26,236 $3.08
Total Expenses $35,817 $4.21
Net Operating Income $339,264 $39.84

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual $366,492
Annual Per SF $43.04
Other Income (CAD)
Annual $39,333
Annual Per SF $4.62
Vacancy Loss (CAD)
Annual $30,744
Annual Per SF $3.61
Effective Gross Income (CAD)
Annual $375,081
Annual Per SF $44.04
Taxes (CAD)
Annual $9,580
Annual Per SF $1.12
Operating Expenses (CAD)
Annual $26,236
Annual Per SF $3.08
Total Expenses (CAD)
Annual $35,817
Annual Per SF $4.21
Net Operating Income (CAD)
Annual $339,264
Annual Per SF $39.84

Property Facts

Price $3,265,881 CAD
Price Per SF $383 CAD
Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Flex
  • Flex Light Manufacturing
  • Industrial Warehouse
  • FlexLight Distribution
Building Class C
Lot Size 0.48 AC
Rentable Building Area 8,516 SF
No. Stories 1
Year Built/Renovated 1967/2005
Parking Ratio 1.17/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34-30-16-92196-002-0080
Land Assessment
$296,478 CAD (2023)
Improvements Assessment
$257,647 CAD (2023)
Total Assessment
$554,126 CAD (2023)
Annual Taxes
$9,580 CAD ($1.12 CAD/SF)
Tax Year
2024

zoning

Zoning Code COMM (Commercial, specifically allowing for light manufacturing, automotive services, and business ooperations in smaller-scale industrial environments.)
COMM (Commercial, specifically allowing for light manufacturing, automotive services, and business ooperations in smaller-scale industrial environments.)
  • Listing ID: 33667011

  • Date on Market: 2024-10-28

  • Last Updated:

  • Address: 3580 66th Ave N, Pinellas Park, FL 33781

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