1903 12Th StSt. Petersburg, FL 33704

  • Mixed-use properties
  • 3,780 SF
For Sale
$1,600,000 View listing

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
Mixed-use properties
Property subtype
Other investment properties
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.

1903 12Th St, St. Petersburg, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,676
-
-
$580,000
-
$418,212
$161,788
$580,000

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