OPP ZONE & EDGE DISTRICT

Retail-Commercial for Sale
Catylist Listing ID: 30537953
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 4,446 SF
Gross Land Area: 9,750 SF
Sale Price: $2,020,000
Unit Price: $454.34 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Building Name: 1101 1st Ave N
Usable Size (USF): 4,446 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 9/1/2020

Overview / Comments

Please contact the agent for more information about this listing.

Current Tenants

Tenant Business Name Plants of Ruskin, LLC
Is Renting? Yes
SF of Space Occupied 3,652 SF
Lease Expiration 5/2024
Escalations 3%
Options Two 5 year options with rent to be set at 100% of market where the option rent is not lower than the last year of the previous term.
Tenant Business Name St Pete Medical Alliance
SF of Space Occupied 794 SF
Lease Expiration 5/2024
Escalations 3%
Options Two 5 year options with rent to be set at 100% of market where the option rent is not lower than the last year of the previous term.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 16 31 24 53478 000 0300
Zoning: DC-1
Retail Clientele: General, Family, Business, Traveler, Tourist
Largest Nearby Street: 1st Ave N
Feet of Frontage: 100
Highway Access: Highways 175 and 375 to 275
Airports: Tampa International and St Pete/Clearwater
Site Description: 4446 sf building with a 16 space parking lot
Area Description: EDGE District - Downtown St Pete
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,446 SF
Property Condition: Average
Year Built: 1953
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Stucco
Total Parking Spaces: 16
Parking Ratio: 3.6 (per 1000 SF)
Parking Type: Surface
Parking Description: 16 spaces in 50' x 98' lot
Sprinklers: None
Zoning Description: DC-1 Zoning
Lot Frontage: 100
Lot Depth: 98
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,609 122,914 256,099
Median Age: 40.94 40.37 42.41
Households: 8,430 53,353 111,899

Contact

Photograph of Listing Agent

Edward J (EJ) Barkett

Barkett Realty CE-FL Member
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