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2942 49th St N 3,852 SF 100% Leased Retail Building Saint Petersburg, FL 33710 $899,000 ($233.39/SF) 4.83% Cap Rate
Investment Highlights
- Located at a traffic-lighted intersection for maximum visibility and access
- Ample parking with approximately 28 spaces on a 14,850 SF lot
Executive Summary
Excellent opportunity to purchase a full leased strip center in a popular area of St Petersburg, with a corner traffic light location. This property has been in the family for decades and has not been offered for sale for all of that time. It has a newer roof, plenty of parking, and is not in a flood zone. Please see attached brochure for rent roll and expense information.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Building Size
3,852 SF
Building Class
C
Year Built
1956
Price
$899,000
Price Per SF
$233.39
Cap Rate
4.83%
NOI
$43,426
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.34 AC
Zoning
CRS-1 - CORRIDOR RESIDENTIAL SUBURBAN
Parking
15 Spaces (3.89 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-31-16-86076-001-0150 | Improvements Assessment | $223,942 |
| Land Assessment | $196,058 | Total Assessment | $420,000 |
Property Taxes
Parcel Number
09-31-16-86076-001-0150
Land Assessment
$196,058
Improvements Assessment
$223,942
Total Assessment
$420,000
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2942 49th St N
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