3501 1st Avenue S, ST PETERSBURG, FL 33711
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  • MLS#: TB8373879 ( Business Opportunity )
  • Street Address: 3501 1st Avenue S
  • Viewed: 38
  • Price: $999,000
  • Price sqft: $323
  • Waterfront: No
  • Year Built: 1978
  • Bldg sqft: 3090
  • Days On Market: 345
  • Additional Information
  • Geolocation: 27.7703 / -82.6811
  • County: PINELLAS
  • City: ST PETERSBURG
  • Zipcode: 33711
  • Subdivision: West Central Ave Sub
  • Provided by: PREMIER SOTHEBY'S INTL REALTY
  • Contact: Karen Apa
  • 727-595-1604
  • mfrmls
  • DMCA Notice
  • Description
    Low Risk NNN Investment with Annual Growth | Prime St. Petersburg Commercial Property. Rare opportunity to acquire a Triple Net (NNN) leased commercial building in St. Petersburg, FL, fully leased to a well established veterinary hospital. This 2,628 sq ft standalone property offers stable, hands off income with the tenant responsible for rent, 50% of property taxes, insurance, utilities, operating expenses, and lawn maintenanceperfect for investors or 1031 exchange buyers. Key Investment Highlights 3% Annual Rent Increases for consistent cash flow Lease Term: 5 years remaining with a 5 year renewal option Established Tenant: Thriving veterinary practice in operation | Prime Corner Location: 1st Ave S & 35th St, one block from US 19 / 34th St with high visibility and heavy traffic. | Upgrades & Maintenance: New roof, painted soffit/fascia (2024), $12,000 in tree removal and pruning | Property Features:11 Parking Spaces, including 2 ADA compliant | Dedicated staff/doctor parking | Three driveways for easy access | Circular drop off/pick up area. Located in a high traffic commercial corridor of St. Petersburg, this property benefits from excellent visibility, strong tenant stability, and long term growth potential. A cash flow positive, low risk investment in one of Floridas most vibrant commercial markets.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 2628.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Road Frontage Type: Alley, Business District, City Street, Turn Lanes
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 2917.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Accessibility Features: Accessible Entrance
  • Country: US
  • Legal Description: WEST CENTRAL AVE SUB BLK B PART REP BLK B, LOT 1
  • Area Major: 33711 - St Pete/Gulfport
  • Occupant Type: Tenant
  • Parcel Number: 22-31-16-96219-002-0010
  • Views: 38
  • Year Established: 2005