5500 Central Ave - Office/Residential FOR SALE


Saint Petersburg, FL 33707- Westminster Heights
$625,000 USD
727-432-6852
5500 Central Ave, Saint Petersburg, FL for Sale
$625,000 USD
Office/Residential - FOR SALE
1/21
null | 6.08% Cap Rate

5500 Central Ave
Saint Petersburg, FL 33707
Westminster Heights


HIGHLIGHTS

  • Heavy trafficked area with stand-alone signage: passed by over 15,600 daily drivers.
  • Renovated and modernized interiors.
  • On-site parking with nine spaces and prominent stand-alone signage for tenant branding.
  • Located in a flood-safe Zone X with convenient access to major business districts and transportation routes.

OVERVIEW

This property presents a compelling investment opportunity in one of Saint Petersburg’s most active commercial corridors. Located on heavily trafficked Central Avenue, the building benefits from daily exposure to over 15,600 vehicles and is situated in a high-elevation Flood Zone X area. A recently executed 36-month lease at $4,000 per month ensures immediate, reliable income and an attractive 6.08% cap rate, making it an excellent option for investors and 1031 exchange buyers. The property spans 1,496 square feet and features five private offices, two bathrooms, a kitchen, conference room, and a waiting area, providing functional workspaces for professional users. Recent renovations have modernized the interiors and enhanced curb appeal, ensuring long-term tenant retention. Additional amenities include stand-alone signage for brand visibility, on-site parking with nine spaces, and extra storage space. Offering proximity to key Saint Petersburg districts, public transportation, and major roadways, this asset combines stability, accessibility, and future appreciation potential in a thriving business environment.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$418 USD /SF

CAP RATE

6.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

OIP

APN/PARCEL ID

21-31-16-14463-007-0010

ASK ABOUT THIS PROPERTY

George LewisLeverocks Realty, LLCMore Info
727-432-6852

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George LewisLeverocks Realty, LLCMore Info
727-432-6852

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