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Description
Rare opportunity to acquire a fully leased boutique medical and aesthetic suite property with real estate in one of the most desirable corridors in St. Petersburg. This turnkey investment offers stable in-place income with significant upside potential, ideal for both investors and owner-users. The property generates approximately $150,000 in annual gross income with a projected NOI of $114,000, representing an attractive ~7% cap rate. The building is currently occupied by 10 individual tenants, operating on a mix of short-term and month-to-month leases.
Property Highlights
Property Type: Commercial -
Cooling: Central Air, Mini-Split Unit(s)
Heating: Central, Electric
Lot Size: 0.20 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $6,398
Year Built: 1954
General Information
County: Pinellas
Subdivision: LAKE SHEFFIELD 2ND
Listed By:
Jenny Schmidt
SMITH & ASSOCIATES REAL ESTATE
727-342-3800
MLS ID: TB8490433
Property Features
Accessibility Features: Accessible Approach with Ramp, Accessible Common Area, Accessible Entrance, Visitor Bathroom, Accessible Hallway(s)
Appliances: Dryer, Refrigerator, Washer
Building: Bathrooms, Common Lighting, Fencing, Furnished, Kitchen Facility, On Site Shower, Outside Storage, Ramp, Seating, Trash Removal, Waiting Room
Days on Site: 8
Directions: Head west on 22nd Avenue N cross 49th Street N and property is directly on the North corner of 22nd Ave N and 49th Street N.
Disaster Mitigation: Above Flood Plain
Energy Efficient: Appliances, HVAC, Water Heater
Exterior: Block, Concrete
Flood Zone Code: X
Flooring: Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Commercial Financing, Trade
Lot: Fire Hydrant, Landscaped, Near Public Transit, Sidewalk, Street Lights, Paved
Lot Dimensions: 0.2
Number of Offices: 7
Number of Restrooms: 2
Ownership: Fee Simple
Parking: Electric Vehicle Charging Station(s), Ground Level, Lighted
Parking Notes: Electric Vehicle Charging Station(s), Ground Level,
Property Attached Y/N: No
Property Sub-Type: Business
Sale Includes: Building(s) and Land, Furniture/Fixtures
Security: Closed Circuit Camera(s), Fire Alarm, Security System, Security System Owned, Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, See Remarks
Special Sale Provisions: None
Units: 1
Utilities: BB/HS Internet Capable, Public, Water Connected
Vegetation: Mature Landscaping
Water: None
Water Access Y/N: No
Windows: Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Shutters, Storm Window(s), Tinted Windows, Window Treatments
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2200 49th Street N, Saint Petersburg, FL 33710.
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