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Mark Gilbo

gilborealty@gmail.com +1(315) 804-4847

$ 999,000

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Price Dropped by $296K

3501 1ST AVE S St Petersburg, FL 33711

2,628 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 2,628 sqft

Price per Sqft $380

Subdivision West Central Ave Sub

MLS Listing ID TB8362460

HOA Y/N No

Year Built 1978

Annual Tax Amount $8,822

Lot Size 0.480 Acres

Acres 0.48

Lot Dimensions 140x150

Property Sub-Type Business

Source Stellar MLS

Property Description

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.

Location

State FL

County Pinellas

Community West Central Ave Sub

Area 33711 - St Pete/Gulfport

Direction S

Interior

Heating Central, Electric

Cooling Central Air

Exterior

Parking Features Parking Spaces - 13 to 18

Utilities Available BB/HS Internet Capable, Public, Water Connected

Roof Type Shingle

Building

Story 1

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Others

Ownership Other

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8362460

Listed by PREMIER SOTHEBY'S INTL REALTY

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Mark Gilbo

Broker | License ID: 10491206207

+1(315) 804-4847

Mark Gilbo

3501 1ST AVE S St Petersburg, FL 33711

Key Details

Location

Interior

Exterior

Building

Others

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3501 1ST AVE S

Florida Mailiing Address:

7901 4th St N, St. Petersburg, FL 33702

NY License 10491206207

Florida License BK3597727