1258 19Th StSt. Petersburg, FL 33713

Property Details for 1258 19Th St

Year built

1926

Construction

WOOD FRAME

Lot size

0.32 AC

Property size (Sq ft)

10,320 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

13-31-16-54126-000-0100

APU

133116541260000100

Description

This exceptional 10,320-square-foot warehouse, built in 1926 and renovated in 2022, presents a compelling value-add opportunity in St. Petersburg, Florida. Located on a 14,000-square-foot lot (100x140), this single-story building boasts 14-foot ceilings (with some 18-foot areas), seven loading docks (including three dock-high doors), and ample parking. The property features a desirable location in the Mack's Industrial Zone, offering easy access to major corridors like 9th Ave N and 22nd Ave N, and quick access to I-275. The unique benefit of rail access adds significant value. Currently vacant, this fee-simple property is zoned IT and offers excellent signage opportunities. A pro-forma NOI of $120,000 is projected based on a $12 per square foot NNN lease. Owner financing is available with 25% down, a 7% interest rate, 25-year amortization, and a 5-year balloon payment. The asking price is $1,249,000 ($121.03/sq ft). This is a rare opportunity to acquire a well-located, historically significant industrial property with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $3,147,968

  Hospitality

  $2,883,522

  Educational

  $2,399,056

  Medical

  $2,481,564

  Retail

  $3,731,866

Location Insight

City

Saint Petersburg

County

Pinellas

State

Florida

Latitude

27.7843

Longitude

-82.6593

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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