3501 1ST AVE S Active Save Request In-Person Tour Request Virtual Tour
St Petersburg,FL 33711
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 TB8362460
HOA Y/N No
Originating Board Stellar MLS
Year Built 1978
Annual Tax Amount $8,822
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions 140x150
Property Sub-Type Business
Property Description
Rare building opportunity in the heart of St. Petersburg. This Triple Net (NNN) leased building is one of the most reliable forms of 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, operating expenses 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 high 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 (3) 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. The building owner has commercial general liability insurance for $844.36 annually. Lease term remaining five years, renewal option five years. 2023 annual rental income and 2024 annual rental income. Rental increases annually. Increasing returns make this a low-maintenance, potential cash-flow-positive property.
Location
State FL
County Pinellas
Community West Central Ave Sub
Direction S
Interior
Heating Central,Electric
Cooling Central Air
Exterior
Parking Features Parking Spaces - 13 to 18
Utilities Available BB/HS Internet Capable,Public,Water Connected
Roof Type Shingle
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Ownership Other
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8362460