735 49th Street North

Retail-Commercial for Sale
Catylist Listing ID: 30290253
Property Subtypes: Free-Standing Building
Building Size (RSF): 3,764 SF
Gross Building Area: 4,124 SF
Gross Land Area: 9,060 SF
Sale Price: $350,000
Unit Price: $92.99 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 8/10/2018

Overview / Comments

Broker: Ned Willis - NWillis@VectorRealty.com

Excellent investment/owner occupied opportunity to purchase a retail center on a high traffic corridor in St. Petersburg. Located just off the corner of 49th Street N and 9th Avenue N, this site has a traffic count greater than 17,000 vehicles per day.

Directly across the street from Save A Lot plaza which includes Dollar General and Subway. It is currently 100% leased and has been well maintained by the same owner for many years. Leases are below market rate which can be increased over time creating additional value.

Two leases totaling 2,430 SF expire this year and rent could be increased to create that additional value now. Expiring tenants want to stay or a owner/user could occupy a portion of the space. CCS-1 zoning allows for a wide variety of uses that include retail sales, personal/business uses, convenience stores, café, banks, restaurants, etc.

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 163116636480000660
Zoning: CCS-1
Property Visibility: Excellent
Traffic/Vehicle Count: 17,200
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,050 155,672 319,966
Median Age: 39.55 42.62 44.14
Households: 6,855 67,005 143,528

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