4717 22ND AVE S, ST PETERSBURG, FL, 33711
$1,200,000
Commercial Sale
Living Area
5,640 Sqft
Lot Size
14,400 Sqft
Rare opportunity for an investment in the busy and sought-after area of Gulfport (actually located in St. Petersburg) Florida. 4 stores fully occupied and 1 store leased and under renovation. Investment presented at a solid 7.5% Cap Rate (see below). Tenants pay CAM and share the cost of some utilities based on square footage. Outdoors is of absolute minimal maintenance. There is no deferred maintenance or CAPEX need outside of this building, with a new roof and resurfaced parking lot. Tenants pay for maintenance and improvements of the inside of all units. Half of the tenancy is with very long-time tenants owning well-established and reputable businesses. **IMPORTANT NOTE: PLEASE DO NOT VISIT, DISTURB, OR ASK BUSINESSES OR TENANTS- CONTACT BROKER ONLY**
Property Details
Property Features Property Features
MLS ID: MFRTB8380426 Year Built: 1959
Construction Materials: Block Cooling: Central Air
Country: US County Or Parish: Pinellas
Direction Faces: South Foundation Details: Slab
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash Parking Features: Parking Spaces - 6 to 12
Property Condition: Completed Property Sub Type: Retail
Property Type: Commercial Sale Road Frontage Type: City Street
Road Responsibility: Public Maintained Road Road Surface Type: Asphalt
Showing Requirements: Appointment Only, Call Before Showing, Call Listing Agent Special Listing Conditions: None
Standard Status: Active State Or Province: FL
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