Fidelity Paper Building 3612-3662 Morris St 20,557 SF Industrial Building Saint Petersburg, FL 33713 $3,800,000 ($184.85/SF)

This rare, fully air-conditioned industrial flex facility at 3612 & 3662 Morris Street North offers one of the most versatile ownership opportunities within St. Petersburg’s mature light industrial corridor. Situated on nearly an acre across two contiguous parcels, the asset provides exceptional operational efficiency, functional design, and meaningful long-term adaptability for a wide range of industrial and flex users. With embedded divisibility supporting up to four (4) independent units, owner-users and investors can leverage the building’s unique parcel configuration to scale operations, segment departments, support phased growth, or create multi-tenant income streams.
The facility’s fully conditioned environment, spanning both warehouse and office areas, is a significant differentiator in a supply-constrained market where climate-controlled industrial space of this profile is exceptionally limited. A robust electrical infrastructure designed for heavy equipment, multiple grade-level doors, and a combination of open production areas and office build-outs further elevate its operational profile. The split-level layout also enhances workflow separation, enabling cleaner routing of production, service, or fulfillment-based operations.
The surrounding St. Petersburg industrial district has long been known for stability, convenience, and strong connectivity. Efficient ingress and egress routes provide direct access to major arterial corridors, supporting dependable truck flow and service logistics. The site’s clean geometry and corner positioning add flexibility for outdoor functionality, controlled access, or future redevelopment pathways. With high buyer liquidity driven by its multi-configuration potential, the property functions more like several smaller industrial buildings serialized into a single asset, significantly expanding exit strategies and long-term value preservation.
As a fully air-conditioned industrial offering with superior mechanical capacity and rare divisibility, this property stands out as an ideal acquisition for manufacturers, light industrial users, distribution operations, and investors seeking optionality and resilience in one of Florida’s most supply-constrained submarkets.