650 34th St S - Medical FOR SALE


Saint Petersburg, FL 33711- Kenwood
$4,000,000 USD
727-643-1841
650 34th St S, Saint Petersburg, FL for Sale
$4,000,000 USD
Medical - FOR SALE
1/18
null | 6.75% Cap Rate

NEW


650 34th St S
Saint Petersburg, FL 33711
Kenwood


HIGHLIGHTS

  • Freestanding Medical Facility In Excellent Condition
  • 10,316± SF on 1.03± AC
  • 2nd Gen Dialysis Center + On-Site Generator
  • 47 On-Site Parking Spaces | Specialized Plumbing | 3-Phase Power 1060 AMPS
  • ADA-Compliant Layout With Accessible Entrances, Restrooms, And Patient Flow Corridors
  • 2,000+ Planned Apartment Units Along 34th St S Corridor

OVERVIEW

Located along the highly traveled 34th Street South corridor, 650 34th Street South presents an opportunity for both owner-users seeking a move-in-ready clinical facility and investors looking to acquire a freestanding, single-tenant asset structured as a dark NN investment. For an owner-user, the property delivers a turnkey clinical environment — purpose-built to Fresenius Medical Care's institutional specifications — eliminating the time, cost, and risk associated with ground-up development or shell conversion. For an investor, the property represents a dark NN acquisition opportunity — a freestanding, institutionally built facility with an existing NN lease structure in place, ready to be re-tenanted in a submarket where healthcare demand is growing and purpose-built clinical product rarely becomes available. The surrounding area is supported by a dense residential population and rising demand for outpatient healthcare services, making the 34th Street corridor an established and high-visibility location for patient-centered medical care. The property's central infill positioning provides convenient access to downtown St. Petersburg and major thoroughfares throughout Pinellas County, enabling efficient patient reach across a broad and growing catchment area.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$388 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,202 SF

ZONING

CCS-1

APN/PARCEL ID

23-31-16-76590-021-0040

ASK ABOUT THIS PROPERTY

Scott ClendeningCommercial Partners Realty, Inc.More Info
727-643-1841

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Scott ClendeningCommercial Partners Realty, Inc.More Info
727-643-1841

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