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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
Bank
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Publix
PF Changs To Go
Orangetheory Fitness
Td Bank
Chili's
Td Ameritrade
La Fitness
Esporta Fitness
First Watch
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-31-16-19751-001-0010
Land Assessment
$666,409
Improvements Assessment
$733,591
Total Assessment
$1,400,000
  • Listing ID: 32884102

  • Date on Market: 8/19/2024

  • Last Updated:

  • Address: 6700 22nd Ave N, Saint Petersburg, FL 33710

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