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P.S. ONE 327 11th Ave N 15,244 SF 100% Leased Retail Building Saint Petersburg, FL 33701 $7,000,000 ($459.20/SF) 6.84% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on 4th Street N with 36,500 cars per day
- Renovated in 2017 with upgraded lighting and finishes
- Fully leased retail asset with strong tenant mix and income
- Walkable to northeast neighborhood
EXECUTIVE SUMMARY
The Northward property is a 100% leased, cash-flowing asset located along the highly desirable 4th Street corridor in St. Petersburg, Florida. This stabilized investment presents an ideal opportunity for buyers seeking steady income with near-term upside potential. Featuring excellent visibility and frontage along 4th Street, one of the Tampa MSA’s most valuable retail corridors, the property is well-positioned for long-term growth and appreciation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,244 SF
Building Class
B
Year Built/Renovated
1928/2017
Price
$7,000,000
Price Per SF
$459.20
Cap Rate
6.84%
NOI
$478,739
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.77 AC
Zoning
CCT-1 - Corridor Commercial Traditional
Parking
40 Spaces (2.62 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Restaurant
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- BLB SprayTans & Teeth Whitening
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
- -
- Coasta Vida
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
-
- Arts, Entertainment, and Recreation
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| BLB SprayTans & Teeth Whitening | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | - | |
| Coasta Vida | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Arts, Entertainment, and Recreation | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-31-17-43560-001-0010 | Improvements Assessment | $928,231 |
| Land Assessment | $1,961,769 | Total Assessment | $2,890,000 |
PROPERTY TAXES
Parcel Number
18-31-17-43560-001-0010
Land Assessment
$1,961,769
Improvements Assessment
$928,231
Total Assessment
$2,890,000
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P.S. ONE | 327 11th Ave N
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