5720 4Th StSt. Petersburg, FL 33703

Property Details for 5720 4Th St

Year built

1948

Construction

CONCRETE BLOCKS

Lot size

0.30 AC

Property size (Sq ft)

1,905 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

31-30-17-61146-058-0010

APU

313017611460580010

Description

This exceptional 3,176-square-foot medical office building presents a unique investment opportunity in St. Petersburg, Florida. Located at 5720 4th Street N, 33703, this single-tenant property sits on a sizable 12,885-square-foot lot, offering ample space and visibility. Built in 1948, the one-story building boasts a convenient location on a hard corner with excellent ingress and egress. The property benefits from high traffic volume, with a daily count of 38,500 vehicles passing by, ensuring significant exposure for any business. Its strategic placement within a desirable Tampa Bay neighborhood guarantees access to a strong customer base. The building provides five parking spaces, offering convenient parking for patients and staff. This freestanding structure is currently available for lease at a below-market rate, presenting a compelling opportunity for a tenant willing to complete build-out. The property's classification includes retail and office space, making it suitable for a variety of medical practices or related businesses. The property's size and location make it an ideal choice for a medical practice seeking a prominent presence in a high-traffic area. This is a rare chance to secure a well-positioned medical office building at an attractive lease rate. Don't miss this opportunity to establish your practice in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $667,126

  6.5%

  $615,808

  7%

  $571,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $685,337

  Geo Method

  $685,337

• Alternative Use

  Use

  Valuation

  Residential

  $672,284

  Hospitality

  $615,808

  Educational

  $512,345

  Medical

  $529,965

  Retail

  $796,981

Location Insight

City

Saint Petersburg

County

Pinellas

State

Florida

Latitude

27.8241

Longitude

-82.639

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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