Highly Visible Stand-Alone Office/Investment with Residential Income

Office for Sale
Catylist Listing ID: 30771403
Property Subtypes: Office Building
Building Size (RSF): 4,267 SF
Gross Building Area: See Agent
Gross Land Area: 19,741 SF
Sale Price: $1,050,000
Unit Price: $246.07 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Usable Size (USF): 4,267 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2021

Overview / Comments

Ned Willis, Broker - nwillis@vectorrealty.com - (727) 823-1230, ext. 230

This 2,415-square-foot office building located at the busy intersection of 54th Ave. and MLKJr. St. N offers some of the best exposure and signage available in the St. Petersburg market. Two 2-bedroom, 1-bath single-family homes with tenants in place are located on separate parcels adjacent to the office building. Two free-standing pylon signs and two additional building signs as well as ample parking make the office building visible and practical. A second floor space offers an additional 600 square feet with a separate entrance giving the option of an income-producing office or apartment. The property is zoned CRS-1, which allows for a wider range of uses including professional office, medical office, chiropractic, dental, day spa, etc.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 17 31 06 01386 001 0010
Zoning: CRS-1
Property Located Between: 54th Avenue and 53rd Terrace
Property Visibility: Excellent
Highway Access: I-275, US Highway 19
Airports: TPA, PIE
Total Number of Buildings: 3
Year Built: 1950
Parking Type: Surface
Parking Description: 6/1000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,601 122,315 258,657
Median Age: 43.36 43.69 41.92
Households: 8,354 56,143 115,233

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