153 2Nd AveSt. Petersburg, FL 33701

Property Details for 153 2Nd Ave

Year built

2000

Construction

CONCRETE BLOCKS

Lot size

2.21 AC

Property size (Sq ft)

89,913 SF

Property type

Community centers

APN

19-31-17-60450-001-0010

APU

193117604500010010

Description

This exceptional 4,724 square foot retail condo is ideally situated on the first floor of the Signature Place Tower in the vibrant heart of St. Petersburg's financial district. Priced at $2,650,000, this former bank space offers unparalleled visibility and accessibility. Located at the highly visible signalized corner of 2nd Ave S & University Way, the property benefits from excellent exposure to significant vehicular traffic along both roadways. Its prime location provides easy access to Interstate 275, connecting to Interstates 175 and 375, ensuring convenient transportation for both employees and customers. The surrounding area boasts a wealth of amenities, including a variety of restaurants, nightlife options, and popular attractions, enhancing the property's appeal and potential. Ample street parking is readily available, complemented by a convenient parking garage directly across the street. This first-floor condo presents a unique opportunity to acquire a well-positioned commercial space in a thriving Florida market. The property's size, location, and accessibility make it an attractive investment for a wide range of businesses seeking a high-profile presence in St. Petersburg's dynamic financial center. The Pinellas County address, 153 2nd Ave S, St. Petersburg, FL 33701, further underscores its strategic location within this bustling area.

• CAP approach

  CAP return

  Valuation

  6%

  $51,483,680

  6.5%

  $47,523,396

  7%

  $44,128,868

• Comparable approach

  Method

  Valuation

  Relative Method

  $41,380,444

  Geo Method

  $41,380,444

• Alternative Use

  Use

  Valuation

  Residential

  $40,087,764

  Hospitality

  $36,720,176

  Educational

  $30,550,756

  Medical

  $31,601,442

  Retail

  $47,523,396

Location Insight

City

Saint Petersburg

County

Pinellas

State

Florida

Latitude

27.7739

Longitude

-82.6348

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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