John's Pass Village 111-179 Boardwalk Place w 53,853 SF 100% Leased Retail Building Madeira Beach, FL 33708 $42,921,000 ($797.00/SF) 7.50% Cap Rate

RIPCO Real Estate is pleased to offer for sale John’s Pass Village, a ±53,853 SF commercial property located within John’s Pass Village & Boardwalk on the southeast corner of Gulf Boulevard and 129th Avenue West in Madeira Beach, FL. The property consists of ±11,162 SF of hotel space, ±42,691 SF of retail space, and a six-level parking garage with over 300 parking spaces which is open 24/7. 19 of the 20 retail spaces are currently occupied by a diverse group of tenants, including restaurants, gift stores, boat charters, and others. John’s Pass Village & Boardwalk is Pinellas County’s top tourist attraction, with over 100 merchants and 3.1 million annual visitors. This stretch of Gulf Boulevard where the property is located has an AADT of 22,000. Within 3 miles of John’s Pass Village, there is a population of 35,061 and an average household income of $133,236.
The asset would be an attractive investment opportunity for investors looking for minimal landlord responsibilities, located in Pinellas County, Florida’s most densely populated county, occupied by a diverse tenant mix, and located within John’s Pass Village & Boardwalk, Pinellas County’s most popular tourist attraction.