1903 12Th StSt. Petersburg, FL 33704

Property Details for 1903 12Th St

Year built

1929

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

3,780 SF

Property type

Investment properties

Property subtype

Live-work space

APN

13-31-16-63810-000-0480

APU

133116638100000480

Description

This exceptional investment opportunity presents a three-building, 5,995 square foot storefront property located at 1903 12th St N, St. Petersburg, FL 33704, in Pinellas County. The property, built in 1929 and extensively renovated in 2023, boasts a Fee Simple ownership and features seven units with 100% occupancy, generating a current NOI of $54,920. The property is zoned for Store W/Office Or Apartment, offering flexibility for future development. With a total of six parking spaces and situated on a 0.26-acre lot, this multi-tenant retail space offers a strong value-add potential. The current lease type is Gross, with month-to-month (MTM) lease options. The asking price is $1,600,000, translating to a price per square foot of $266.89. The property benefits from its proximity to the beach and the newly approved Historic Gas Plant District development, providing access to affluent demographics with over 65,000 residents within a two-mile radius. This Class B property presents a compelling investment opportunity due to its strong current performance and significant upside potential. The net rentable square footage is 5,247 square feet. There are no rent bumps currently in place. The property's APN is 13-31-16-63810-000-0480.

Location Insight

City

Saint Petersburg

County

Pinellas

State

Florida

Latitude

27.79

Longitude

-82.6506

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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