1624 4th St S 8,124 SF 69% Leased Industrial Building Saint Petersburg, FL 33701 $2,750,000 ($338.50/SF) 7.25% Cap Rate

This three building, 10 unit, 18,000 +/- sqft property is a rare find in the St Petersburg area. Located directly on 4th St S to the front and Salt Creek to the back makes this a very high-profile opportunity. This waterfront property has been updated and is almost fully occupied. With little to no immediate competition in the area this property will be a strong asset for years to come. The concrete block construction and multiple streams of income makes this gem a worry-free investment opportunity for both a hands off investor or owner user. Pinellas county is the most densely populated county in the state of Florida with Clearwater being one of the top 5 tourist destinations in the state. Gross increases in population and economic climate make Clearwater and Pinellas County one of the fastest growing and most stable municipalities in Florida. Honeywell, Duke Energy, Bank America and General Electric all have regional headquarters in the area along with the Tampa Bay Buccaneers, Rays, Lightning and rowdy’s professional sports teams.