Rare opportunity to acquire a fully leased boutique medical and aesthetic suite property with real estate in one of the most desirable corridors in St. Petersburg. This turnkey investment offers stable in-place income with significant upside potential, ideal for both investors and owner-users. The property generates approximately $150,000 in annual gross income with a projected NOI of $114,000, representing an attractive ~7% cap rate. The building is currently occupied by 10 individual tenants, operating on a mix of short-term and month-to-month leases.
Financial Considerations
Price:
$1,550,000
HOA Fee:
N/A
Tax Amount:
$6398.15
Price per SqFt:
$973.62
Tax Legal Description:
LAKE SHEFFIELD 2ND SEC BLK 6, LOT 11
Exterior Features
Lot Size:
8512
Lot Features:
Fire Hydrant, Landscaped, Near Public Transit, Sidewalk, Street Lights, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Electric Vehicle Charging Station(s), Ground Level, Lighted