4701 Central Ave
5,168 SF 100% Leased Office Building Saint Petersburg, FL 33713 $2,300,000 ($445/SF) 12% Cap Rate
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INVESTMENT HIGHLIGHTS
- Great Location on high traffic main road connecting beaches to downtown Saint Petersburg
- Over 5,000 sq ft
- Elevator in lobby
- 24 Parking Spaces
EXECUTIVE SUMMARY
Beautiful two-story BLOCK freestanding office building sitting HIGH AND DRY with NO FLOOD INSURANCE required. The property had zero damage during named storm Helene or Milton. The building sits on three lots over a 1/4 acre. Great opportunity for Office/Mixed Use professionals, last used as a medical practice. Unbeatable location on CENTRAL AVENUE a main thorough fare connecting the Gulf Beaches and Downtown Saint Petersburg. Possibilities are endless with OVER 5000 SQ FT and 24 PARKING SPOTS in the heart of St Petersburg. This two-story building has an ELEVATOR located in the central lobby, with an entrance to the first floor, keeping any foot traffic confined to the lobby area. Plenty of office space, conference rooms, kitchens, 5 bathrooms and a huge attic that could be used for storage or finished for additional space. Currently occupied with one tenant on the left side of the building, with their own separate entrance. Start receiving immediate income that is separated from the main building which is ready for IMMEDIATE OCCUPANCY!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,168 SF
Building Class
C
Year Built
1973
Price
$2,300,000
Price Per SF
$445
Cap Rate
12%
NOI
$276,000
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
2,584 SF
Building FAR
0.34
Lot Size
0.34 AC
Zoning
CRT-1
Parking
24 Spaces (4.64 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
Parcel Number | 21-31-16-14562-008-0140 | Improvements Assessment | $629,556 |
Land Assessment | $455,444 | Total Assessment | $1,085,000 |