Seminole Industrial Park Trades for $1.725 Million
Seminole, FL – November 21, 2023 – Canal Industrial Park, a multi-tenant warehouse property at 10830 Canal St.,Seminole,has been sold for $1.725 million, closing on November 14th. The transaction reflects continued investor interest in strategically located industrial assets within the Tampa Bay area.
The 0.88-acre property, comprising two metal structures built in 1984 and 1986, offers 16,000 square feet of heated space divided into units ranging from 1,500 to 2,500 square feet. Designed to accommodate contractors, service companies, distributors, and light industrial businesses, the park provides grade-level loading, a blend of warehouse and office configurations, 20-foot ceiling heights, 14’x12′ loading docks, ample parking, and round-the-clock access. The sale underscores the demand for smaller-bay industrial spaces catering to a diverse range of tenants.
The previous owner acquired the property in 1994 for $367,000, demonstrating meaningful recognition over nearly three decades. Recent capital improvements further enhanced the park’s appeal to potential buyers. Details regarding the buyer and specific future plans for the property were not instantly disclosed.
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