Charles Schwab Branch | 6700 22nd Ave N
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Charles Schwab Branch 6700 22nd Ave N
3,619 SF 100% Leased Retail Building Saint Petersburg, FL 33710 $3,250,000 ($898/SF) 4.43% Cap Rate
Investment Highlights
- Absolute Perfect Condition Inside & Out
- Huge Pylon sign grandfathered in
- Beautiful "Glassed in" offices & Conference Room
- 175' frontage on 22nd Ave N directly across the street from Tyrone Mall
- 43 Parking Spaces
- Lush Landscaping
Executive Summary
Prime NNN Investment in the Tyrone Mall submarket of St Petersburg, Fla. Rare opportunity to own a Class A Bank building occupied by Charles Schwab. This is an Absolute NNN investment with NO landlord responsibility whatsoever. The “Schwab” building is located at 6700 22nd Ave N in St Petersburg, 3,619 SF and was originally constructed as a bank with 3 drive thrus. Charles Schwab has a lease until Feb. 1st, 2026. The Tyrone submarket is a high barrier of entry submarket with very little inventory for sale or lease and this building is in pristine condition. The site is directly across from Tyrone Square Mall and Dick's Sporting Goods. Other big box retail centers in the immediate area include Crosswinds Shopping Center, Market Place Shopping Center & Shoppes at Royale. Next door to the site is the former Silverburg Diamond Building that has been transformed to retail after being completely renovated. There are over 250,000 + residents within a 5-mile radius. The "Schwab” building is 3,619 SF and has always been operated by a national bank or a brokerage house and impeccably maintained by their maintenance departments. The lot size is .92 acre and is Zoned CG. There are 43 parking spaces, a large grandfathered in pylon sign and full ingress/egress with 175’ ft of frontage on 22nd Ave N. with excellent visibility from both directions. The space includes a front desk, a waiting area, a glassed in conference room, 7 private offices and a break room. Perfect investment property for an absentee owner as Landlord has no responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,619 SF
Building Class
C
Year Built
1981
Price
$3,250,000
Price Per SF
$898
Cap Rate
4.43%
NOI
$144,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Land Acres
0.92 AC
Zoning
CG, St Pete - Zoned CG (Commercial General)
Frontage
175 FT on 22nd
Amenities
- Banking
- Pylon Sign
- Security System
- Signage
- Drive Thru
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (71)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 18-31-16-19751-001-0010 | Improvements Assessment | $733,591 |
Land Assessment | $666,409 | Total Assessment | $1,400,000 |
PROPERTY TAXES
Parcel Number
18-31-16-19751-001-0010
Land Assessment
$666,409
Improvements Assessment
$733,591
Total Assessment
$1,400,000
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Charles Schwab Branch | 6700 22nd Ave N
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