5501 34Th StSt. Petersburg, FL 33714

Property Details for 5501 34Th St

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.53 AC

Property size (Sq ft)

504 SF

Property type

Automotive properties

APN

35-30-16-01404-003-0210

APU

353016014040030210

Description

This exceptional commercial property, located at 5501 34th St N in St. Petersburg, Florida, presents a unique investment opportunity. The property boasts a 504-square-foot building situated on a substantial 22,860-square-foot lot. Constructed in 1974, the single-story building is zoned MUC-P-C, allowing for a variety of uses including auto sales, repair, service centers, storage, marine equipment sales, and more. Its prime location along a high-traffic corridor ensures excellent visibility and accessibility for any business. The asking price is $1,399,999, translating to $2,777.78 per square foot. The ample lot size offers significant potential for expansion or additional development. This property is ideal for owner-users seeking a strategic location in a thriving commercial area of St. Petersburg, offering easy access to major transportation routes and a strong customer base. The established commercial environment and ongoing growth of St. Petersburg make this a compelling investment with high return potential. Buyers are responsible for verifying all measurements and zoning information.

• CAP approach

  CAP return

  Valuation

  6%

  $144,433

  6.5%

  $133,323

  7%

  $123,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $140,064

  Geo Method

  $140,064

• Alternative Use

  Use

  Valuation

  Residential

  $112,463

  Hospitality

  $103,015

  Educational

  $85,708

  Medical

  $88,655

  Retail

  $133,323

Location Insight

City

Saint Petersburg

County

Pinellas

State

Florida

Latitude

27.8222

Longitude

-82.6791

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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