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3638 1st Ave N 1,608 SF Office Building Saint Petersburg, FL 33713 $799,000 ($496.89/SF)



Investment Highlights
- High Redevelopment Potential via New Sun Runner Rapid Transit Overlay
- Strategic Location in the Grand Central District in a Rapidly Improving Corridor
- Ideal for Professional Office, Boutique Retail, Medical, or Creative Workspace
- Minutes to Downtown St. Petersburg, the Beach, and I-275
- Surrounded by Established Residential Neighborhoods with Increasing Density
Executive Summary
The subject property is a 1,608sf office building sitting on a 0.16ac lot on 1st Ave N just West of 34th St N in beautiful St. Petersburg, Fl. It is currently being used for massage therapy and features 5 therapy rooms/offices, 2 restrooms, a break room, a laundry room, 8 parking spaces behind the building, and street parking out front. The property is also an excellent candidate for redevelopment as it benefits from the recently passed Sun Runner Rapid Transit Overlay.
Positioned in the highly trafficked Central Avenue corridor, 3638 1st Ave N presents a compelling opportunity for investors and owner-users seeking exposure in one of St. Petersburg’s most dynamic infill districts. Located in close proximity to the Grand Central and Historic Kenwood neighborhoods and on the area’s primary east-west commercial artery, the property benefits from immediate access to Downtown St. Pete, I-275, and the beach.
This property is ideal for an owner user seeking a well-located asset that offers strong visibility and accessibility, with convenient ingress/egress and proximity to a dense, growing residential base. The surrounding area continues to experience significant redevelopment, driving demand for neighborhood retail, office, and service-oriented uses.
Given the recent zoning changes passed in the Sun Runner Rapid Transit Overlay, the property is an excellent candidate for redevelopment. It would also be suitable for a buyer who plans to use/lease the property in the short term and utilize the redevelopment potential as an exit strategy.
Positioned in the highly trafficked Central Avenue corridor, 3638 1st Ave N presents a compelling opportunity for investors and owner-users seeking exposure in one of St. Petersburg’s most dynamic infill districts. Located in close proximity to the Grand Central and Historic Kenwood neighborhoods and on the area’s primary east-west commercial artery, the property benefits from immediate access to Downtown St. Pete, I-275, and the beach.
This property is ideal for an owner user seeking a well-located asset that offers strong visibility and accessibility, with convenient ingress/egress and proximity to a dense, growing residential base. The surrounding area continues to experience significant redevelopment, driving demand for neighborhood retail, office, and service-oriented uses.
Given the recent zoning changes passed in the Sun Runner Rapid Transit Overlay, the property is an excellent candidate for redevelopment. It would also be suitable for a buyer who plans to use/lease the property in the short term and utilize the redevelopment potential as an exit strategy.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
1,608 SF
Building Class
B
Year Built/Renovated
1948/2019
Price
$799,000
Price Per SF
$496.89
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,608 SF
Building FAR
0.23
Lot Size
0.16 AC
Parking
8 Spaces (4.98 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 22-31-16-35262-001-0130 | Improvements Assessment | $142,982 |
| Land Assessment | $108,630 | Total Assessment | $251,612 |
Property Taxes
Parcel Number
22-31-16-35262-001-0130
Land Assessment
$108,630
Improvements Assessment
$142,982
Total Assessment
$251,612
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3638 1st Ave N
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