3638 1st Ave N - Office/Residential FOR SALE


Saint Petersburg, FL 33713- Central Oak Park
$799,000 USD
727-776-1708
3638 1st Ave N, Saint Petersburg, FL for Sale
$799,000 USD
Office/Residential - FOR SALE
1/18
null | Request Cap Rate

3638 1st Ave N
Saint Petersburg, FL 33713
Central Oak Park


HIGHLIGHTS

  • High Redevelopment Potential via New Sun Runner Rapid Transit Overlay
  • Minutes to Downtown St. Petersburg, the Beach, and I-275
  • Strategic Location in the Grand Central District in a Rapidly Improving Corridor
  • Surrounded by Established Residential Neighborhoods with Increasing Density
  • Ideal for Professional Office, Boutique Retail, Medical, or Creative Workspace

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$497 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Freestanding, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CCS

APN/PARCEL ID

22-31-16-35262-001-0130

ASK ABOUT THIS PROPERTY

Brad LeCompteLeCompte Land Corp.More Info
727-776-1708

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Brad LeCompteLeCompte Land Corp.More Info
727-776-1708

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.