4901 Central Ave - Drug Store FOR SALE


Saint Petersburg, FL 33710- Westminster Heights
$1,948,896 USD
727-641-5736
4901 Central Ave, Saint Petersburg, FL for Sale
$1,948,896 USD
Drug Store - FOR SALE
1/6
null | 6% Cap Rate

4901 Central Ave
Saint Petersburg, FL 33710
Westminster Heights


HIGHLIGHTS

  • Corner lot with 45 parking spaces
  • Double Net lease with Future Redevelopment
  • SunRunner Transit Overlay Benefits

OVERVIEW

Opportunity to buy in-place income with significant land upside. Family Dollar, a national retailer, occupies the building on a corporate, double-net lease at a rent well below current market rents for the Central Avenue Corridor. Current rent covers the cost of holding a large 1.4-acre corner between two signalized intersections on one of St. Petersburg's most sought-after commercial corridors. With the new SunRunner transit overlay layered on top, this location carries long-term upside and its highest and best use points toward future redevelopment. Family Dollar's initial term expires in 2029.

FOR SALE DETAILS

PRICE

$1,948,896 USD

PRICE/SF

$159 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,289 SF

ZONING

CCS-1

APN/PARCEL ID

21-31-16-24290-001-0010

ASK ABOUT THIS PROPERTY

Dee Maret CCIMBridgewater Commercial Real EstateMore Info
727-641-5736

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Dee Maret CCIMBridgewater Commercial Real EstateMore Info
727-641-5736

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