The subject property is a 1,608sf office building sitting on a 0.16ac lot on 1st Ave N just West of 34th St N in beautiful St. Petersburg, Fl. It is currently being used for massage therapy and features 5 therapy rooms/offices, 2 restrooms, a break room, a laundry room, 8 parking spaces behind the building, and street parking out front. The property also benefits from the recently passed Sun Runner Rapid Transit Overlay.
Positioned in the highly trafficked Central Avenue corridor, 3638 1st Ave N presents a compelling opportunity for investors and owner-users seeking exposure in one of St. Petersburg’s most dynamic infill districts. Located in close proximity to the Grand Central and Historic Kenwood neighborhoods and on the area’s primary east-west commercial artery, the property benefits from immediate access to Downtown St. Pete, I-275, and the beach.
This property is ideal for an owner user seeking a well-located asset that offers strong visibility and accessibility, with convenient ingress/egress and proximity to a dense, growing residential base. The surrounding area continues to experience significant redevelopment, driving demand for neighborhood retail, office, and service-oriented uses.
Given the recent zoning changes passed in the Sun Runner Rapid Transit Overlay, the property is an excellent candidate for redevelopment. It would also be suitable for a buyer who plans to use/lease the property in the short term and utilize the redevelopment potential as an exit strategy.