Property Details
Value Add Neighborhood Center Available
Mike Milano, CCIM, MAI and Amy Barrett, CCIM, of Colliers International, are pleased to present Andros Plaza, located at 1812-1832 & 1836-1850 Main Street, Dunedin, FL 34698. The neighborhood retail center consists of two buildings totaling 32,885 rentable square feet and offers significant value-add potential through lease-up as the property is currently 39% occupied. Located in Dunedin, a city within the Tampa MSA, this property is well-positioned in the market and is prime for re-tenanting or redevelopment making this is an exceptional opportunity to purchase a value-add asset.
Significant upside potential with current occupancy at 39%.
The property is well positioned in the market in terms of rental rates allowing for a realistic lease-up strategy.
NOI growth potential of 190% after full stabilization.
Significant IRR and return on investment potential.
Anchored by Norton’s Sports Bar and Grill –longterm and successful tenant that brings traffic to the center.
On Main Street in Dunedin, a vibrant and growing city within the heart of Pinellas County (located within the Tampa MSA).
Positioned on the main retail/commercial corridor that houses numerous national retailers.
Easy access from U.S. Hwy 19, the main north/south roadway in Pinellas County.
The site offers ample parking.
- Property TypeRetail
- Submarket
- Total Acres0.75
- Property ID2118367