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Business - WEST CENTRAL AVE SUB for Sale

3501 1ST S, ST PETERSBURG, FL 33711

Asking Price$999,000 Change Price$296,000

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  • Days on market:

    169 day(s)
  • Original Price:

    $1,295,000
  • Price per sqft:

    $380.14
  • Tax Legal Description:

    WEST CENTRAL AVE SUB BLK B PART REP BLK B, LOT 1
  • Tax Year:

    2024
  • Property Type:

    Business
  • Parking:

    13 to 18 Spaces
  • Construction Type:

    StuccoBlock
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    ElectricCentral
  • Special Listing Conditions:

    None

Description

$999,000 • living size area 2628 sqft

Low-risk investment with annual growth | prime st. petersburg location . . . rare opportunity to own a triple net (nnn) leased commercial building in the heart of st. petersburg—an ideal addition to any investment portfolio, especially for hands-off investors or those pursuing a 1031 exchange. . . this 2,628 square-foot standalone building is fully leased to a well-established veterinary hospital. the long-term tenant is responsible for rent, 50% of annual property taxes, insurance, all operating expenses, utilities, and lawn maintenance —offering a reliable and low-maintenance income stream. . . investment highlights: annual 3% rental increases: consistent cash flow with built-in growth – lease term: 5 years remaining with a 5-year renewal option - tenant: thriving veterinary hospital in operation – prime corner location: 1st avenue s & 35th street—just one block from us-19/34th street, ensuring visibility and high traffic volume – upgrades & maintanence: new roof, painted soffit/fascia (2024), and $12,000 in elective tree removal and pruning—reflecting proactive care. . . property features: 11 parking spaces (including 2 ada-compliant) + dedicated staff/doctor parking. . . three convenient driveways for easy ingress/egress. . . circular drop-off and pick-up area at front entrance. . . surrounded by established businesses and accessible via major routes, this location benefits from consistent foot and vehicle traffic, increasing both tenant stability and long-term property value. with its low-risk profile and growing returns, this is a rare chance to secure a cash-flow-positive asset in one of st. pete’s most vibrant commercial corridors.

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