This exceptional 53,656 square foot retail center, situated at 2900 34th St S in St. Petersburg, Florida (33711), presents a compelling investment opportunity. Built in 1989, this single-story Class B property boasts four suites and sits on a substantial 228,134 square foot lot. The property is zoned commercial and features excellent visibility and accessibility, located between US-19 and I-275, ensuring convenient access to surrounding areas. Currently, two spaces are available: a 3,000 square foot unit with a negotiable rate and a 1,400 square foot unit priced at $15.00 per square foot annually, NNN. The estimated monthly rent for the 1,400 square foot unit is $2,508, inclusive of base rent, CAM ($6.50 per square foot), and applicable sales tax. The center enjoys a prime location in the rapidly developing Skyway Marina District, benefiting from strong neighboring tenants including a grocery store, bank, and other established businesses. Ample parking (4.1 spaces per 1,000 square feet) and high-visibility pylon signage further enhance the property's appeal. A newly constructed apartment complex is located directly south, adding to the area's growing residential population and providing a strong customer base. The property's Pinellas County location (APN: 35-31-16-90440-001-0020) offers excellent potential for growth and return on investment. This is a rare opportunity to acquire a well-positioned retail property in a thriving market.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$10,679,831
6.5%
$9,858,306
7%
$9,154,141
Comparable approach
Method
Valuation
Relative Method
$9,846,842
Geo Method
$9,846,842
Alternative Use
Use
Valuation
Residential
$8,315,850
Hospitality
$7,617,274
Educational
$6,337,482
Medical
$6,555,438
Retail
$9,858,306
Location Insight
City
Saint Petersburg
County
Pinellas
State
Florida
Latitude
27.7419
Longitude
-82.6784
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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