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TOUCHSTONE REAL ESTATE

addie@addieowens.com +1(352) 223-0053

$ 1,295,000

Est. payment -/mo

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Active

3501 1ST AVE S St Petersburg, FL 33711

2,628 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 2,628 sqft

Price per Sqft $492

Subdivision West Central Ave Sub

MLS Listing ID TB8373879

HOA Y/N No

Year Built 1978

Annual Tax Amount $8,822

Lot Size 0.480 Acres

Acres 0.48

Lot Dimensions 140x150

Property Sub-Type Business

Source Stellar MLS

New Construction false

Property Description

Low-risk investment should be in your portfolio with a 3% annual increase. Rare building opportunity in the heart of St. Petersburg. This Triple Net (NNN) leased building is one of the most reliable forms of potential income-producing real estate ownership, ideal for 1031 Exchange or hands-off investors. The 2,628 square-foot standalone building has a stable, thriving veterinary hospital, tenant responsible for paying rent, half annual taxes, insurance, all operating expenses including utilities and lawn maintenance associated with the property. The property is on the corner of 1st Avenue S and 35th Street one block from U. S. 19, 34th Street, offering visibility and traffic volume with several nearby businesses driving consistent foot traffic. Convenient access and parking with 11 spaces, including two handicapped spots, for patrons and separate additional parking for the doctor and staff. Offers three driveways for easy in/out access and front door circular drop off/pickup area. Upgrades include a new roof and repair and painted soffit/fascia 2024, and $12,000 elective tree removal/pruning shows proactive property upkeep. Lease term remaining, five years. Renewal option, five years. Rental increases 3% annually, increasing returns make this a potential cash-flow-positive property.

Location

State FL

County Pinellas

Community West Central Ave Sub

Area 33711 - St Pete/Gulfport

Direction S

Interior

Cooling Central Air

Exterior

Roof Type Shingle

Building

Story 1

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Structure Type Block,Stucco

New Construction false

Others

Ownership Sole Proprietor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8373879

Listed by PREMIER SOTHEBY'S INTL REALTY

TOUCHSTONE REAL ESTATE

COMPANY OWNER PAGE | BKCQ1051231

+1(352) 223-0053

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TOUCHSTONE REAL ESTATE

3501 1ST AVE S St Petersburg, FL 33711

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3501 1ST AVE S