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821 1st Ave N
Saint Petersburg, FL 33701
Frontier Communications · Office Property For Sale
Investment Highlights
- Stable Investment with Value-add Component
- Booming St. Petersburg CBD Submarket
- Prominent Location & Accessibility
- Partial Sale-Leaseback Investment Opportunity
Property Facts
Property Type
Building Size
229,587 SF
Building Class
C
Year Built
1967
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
38,265 SF
Building FAR
4.54
Lot Size
1.16 AC
Parking
100 Spaces (0.44 Spaces per 1,000 SF Leased)
About 821 1ST AVE N , SAINT PETERSBURG, FL 33701
821 1st Avenue North is a 229,587 square foot seven-story office and data center building with a five-story attached annex and adjacent surface parking lot. Prominently located in the heart of St. Petersburg CBD, the facility is partially leased to Frontier Communications Corporation (NASDAQ: FTR) and is being sold on an “AS-IS” basis. Upon closing of the transaction, Frontier Communications intends to occupy approximately 52,795 SF of the building through a lease negotiated with the buyer. The remaining 176,792 SF will be available for the new owner to leverage within the market, providing an ideal value-add investment opportunity with a stream of income from a Fortune 500 Tenant.
Property Taxes
| Parcel Number | 19-31-17-48654-006-0010 | Improvements Assessment | $3,402,365 |
| Land Assessment | $6,297,635 | Total Assessment | $9,700,000 |
Property Taxes
Parcel Number
19-31-17-48654-006-0010
Land Assessment
$6,297,635
Improvements Assessment
$3,402,365
Total Assessment
$9,700,000
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