2200 49TH ST N, ST PETERSBURG, FL, 33710
$995,500
Commercial Sale
Living Area
1,472 Sqft
Lot Size
8,512 Sqft
Showings by appointment only. RARE opportunity to acquire a turnkey, fully leased medical/wellness suite/ professional office, as an owner-user and/or investment property in one of St. Petersburg’s most desirable commercial corridors. This building generates approximately $140,500 in annual gross income with a projected NOI of $118,500 representing an attractive 11.9% cap rate. There are currently 6 individual tenants occupying 7 private suites. These figures are based on existing rents and typical operating expenses, with future upside potential as leases renew or new tenants are placed. For a more comprehensive understanding of the cap rate and NOI please reach out. Ideally situated in a NON flood zone and NON evacuation zone X (no flood ins required) on the highly visible signalized corner of 49th Street N and 22nd Avenue N, this property offers outstanding visibility and benefiting from approximately 24,000± vehicles per day along the highly traveled 49th Street N corridor. The thoughtfully designed floor plan features 7 private suites, 6 with plumbing, sinks, cabinetry, and countertops, making the property well suited for medical, dental, chiropractic, dermatology, aesthetics, med spa, massage therapy, counseling, wellness, beauty, or other professional office uses. The building also includes a welcoming reception and waiting area, two ADA-compliant restrooms, a break room with washer and dryer, a rear entrance, and a flexible retail or service suite. Outdoor amenities include a covered front patio with stacked stone columns and a fenced rear patio, providing additional space for tenant use or future flexibility. The property has been extensively updated and meticulously maintained with a new roof, hurricane impact windows, new doors, fresh interior and exterior stucco and paint, updated electrical outlets and lighting fixtures, plantation shutters on select front windows, partial fencing, professional landscaping with irrigation, and a recently re-coated and striped parking lot with 10 on-site parking spaces, including one ADA space. This property presents an Exceptional and highly flexible owner-user opportunity for a medical, aesthetic, wellness, or professional office seeking to occupy a portion of the building while generating rental income from the remaining suites. Owner and tenants currently occupy the property and operate by appointment only. Real estate only is for sale. The individual businesses operating within the building are independently owned and are not included in the sale. The 2200 Suites trade name and branding are included along with several furnishings (inquire for a list). Showings are strictly by appointment for qualified buyers. Please do not disturb tenants or visit the property without an appointment. Financials and rent roll available upon request.
Property Details
Property Features Property Features
MLS ID: MFRTB8533337 Year Built: 1954
Accessibility Features: Accessible Approach with Ramp, Accessible Common Area, Accessible Entrance, Visitor Bathroom, Accessible Hallway(s) Appliances: Dryer, Refrigerator, Washer
Building Features: Bathrooms, Common Lighting, Fencing, Furnished, Kitchen Facility, Seating, Trash Removal, Waiting Room Construction Materials: Block, Concrete
Cooling: Central Air, Mini-Split Unit(s) Country: US
County Or Parish: Pinellas Direction Faces: Southeast
Electric: 200+ Amp Service, Three Phase Flooring: Tile
Foundation Details: Slab Green Energy Efficient: Appliances, HVAC, Water Heater
Green Indoor Air Quality: HVAC UV/Elec. Filtration, Moisture Control, No Smoking-Interior Buildg, Ventilation Green Water Conservation: Drip Irrigation
Heating: Central, Electric Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Commercial Financing Lot Features: Fire Hydrant, Landscaped, Near Public Transit, Sidewalk, Street Lights, Paved
Occupant Type: Tenant Parking Features: Ground Level, Lighted
Possession: Close Of Escrow Property Condition: Completed
Property Sub Type: Business Property Type: Commercial Sale
Road Frontage Type: City Street, Main Throrughfare, Turn Lanes Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt Roof: Shingle
Security Features: Closed Circuit Camera(s), Fire Alarm, Security System, Security System Owned, Smoke Detector(s) Sewer: Public Sewer
Showing Requirements: Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, No Lockbox, See Remarks Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: BB/HS Internet Capable, Public, Water Connected Vegetation: Mature Landscaping
Water Source: None Window Features: Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Shutters, Storm Window(s), Tinted Windows, Window Treatments
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