695 Central Ave - Storefront FOR SALE


Saint Petersburg, FL 33701- Mirror Lake
$11,395,500 USD
727-452-6864
695 Central Ave, Saint Petersburg, FL for Sale
$11,395,500 USD
Storefront - FOR SALE
1/5
null | 6% Cap Rate

695 Central Ave
Saint Petersburg, FL 33701
Mirror Lake


HIGHLIGHTS

  • Strong national & successful local tenants including Melting Pot, IMAGE Studios and Southern Grounds Coffee 
  • Possibility for an end user acquisition with income 
  • All of the current tenants have new 10-year NNN leases,, all featuring two 5-year renewal options
  • Each lease has 10% increases every 5 years through the original term and option periods
  • The property is in the heart of downtown St. Petersburg, a highly desirable location with opportunities rarely becoming available to investors
  • 101,137 population within a 3-mile radius  

OVERVIEW

The asset would be an attractive investment opportunity for investors looking for the rare opportunity to acquire a stabilized retail/mixed-use building with long term leases in a trophy location in the heart of downtown St. Petersburg, one of the most desirable submarkets in West and Central Florida.

FOR SALE DETAILS

PRICE

$11,395,500 USD

PRICE/SF

$736 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

695 Central Avenue, St. Petersburg, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

DC-1

APN/PARCEL ID

19-31-17-34218-000-0020

ASK ABOUT THIS PROPERTY

Ari RaviRipco Real EstateMore Info
727-452-6864

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Ari RaviRipco Real EstateMore Info
727-452-6864

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