554 1St AveSt. Petersburg, FL 33701

Property Details for 554 1St Ave

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

6,000 SF

Property type

Office properties

Property subtype

Office buildings

APN

19-31-17-74466-028-0080

APU

193117744660280080

Description

This exceptional 1,444 square foot retail space is located at 554 1st Avenue North in St. Petersburg, Florida, within Pinellas County. The property boasts a single-tenant occupancy and is situated in a vibrant, high-growth area of downtown St. Petersburg. Its prime location on the 500 block of 1st Avenue North places it in close proximity to numerous popular establishments, including The Lure, The Floridian Social Club, Book+Bottle, Mangosteen, Pacific Counter, and Colony Grill, ensuring high foot traffic and visibility. The property benefits from its proximity to Mirror Lake and is surrounded by new residential developments, promising a strong and expanding customer base. This presents a unique opportunity for businesses seeking a thriving location in the heart of St. Petersburg's dynamic downtown core. The property's 1,444 square feet offer ample space for a variety of retail uses, making it an attractive investment for entrepreneurs and established businesses alike. The zip code is 33701. This is a single-tenant retail property in the St. Petersburg submarket. The property is classified as retail.

• CAP approach

  CAP return

  Valuation

  6%

  $2,096,311

  6.5%

  $1,935,056

  7%

  $1,796,838

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,008,833

  Geo Method

  $1,008,833

• Alternative Use

  Use

  Valuation

  Residential

  $2,399,470

  Hospitality

  $2,197,901

  Educational

  $1,828,628

  Medical

  $1,891,517

  Retail

  $2,844,532

Location Insight

City

Saint Petersburg

County

Pinellas

State

Florida

Latitude

27.7718

Longitude

-82.6413

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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