3201 34Th StSt. Petersburg, FL 33711

Property Details for 3201 34Th St

Year built

1972

Construction

CONCRETE BLOCKS

Lot size

34.31 AC

Property size (Sq ft)

52,759 SF

Property type

Office buildings

APN

34-31-16-00029-000-0010

APU

343116000290000010

Description

Skytown Retail presents a unique opportunity for restaurant operators seeking a vibrant location within the rapidly developing Skyway Marina District of Pinellas County. This multi-tenant retail center boasts a phased ground-floor retail component, anchored by a substantial 23,000 square foot Sprouts grocery store, ensuring high foot traffic and a strong customer base. The property offers attractive outdoor patio space, ideal for creating an inviting atmosphere for patrons. Benefit from excellent visibility and brand recognition with monument signage prominently positioned on 34th Street South/US 19, a major thoroughfare. The strategic location provides easy access via I-275, connecting to a wider regional market. The Skyway Marina District's proximity to popular beaches, attracting over 5 million annual overnight visitors, guarantees a large pool of potential customers. Furthermore, the area is experiencing significant residential growth, with over 3,000 new multi-family units either recently completed, currently under construction, or planned in the immediate vicinity, promising a sustained increase in demand for retail services. This presents a compelling investment opportunity in a high-growth area with strong demographics and excellent accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $10,285,260

  6.5%

  $9,494,086

  7%

  $8,815,937

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,818,262

  Geo Method

  $5,818,262

• Alternative Use

  Use

  Valuation

  Residential

  $11,772,667

  Hospitality

  $10,783,699

  Educational

  $8,971,911

  Medical

  $9,280,469

  Retail

  $13,956,307

Location Insight

City

Saint Petersburg

County

Pinellas

State

Florida

Latitude

27.7392

Longitude

-82.6814

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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