2900 34Th StSt. Petersburg, FL 33711

Property Details for 2900 34Th St

Year built

1989

Construction

CONCRETE BLOCKS

Lot size

4.29 AC

Property size (Sq ft)

31,570 SF

Property type

Retail properties

Property subtype

Community centers

APN

35-31-16-90440-001-0020

APU

353116904400010020

Description

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.

• 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

Property Tax & Assessments

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