Turnkey Medical Office in St.
1152 62ND AVENUE S St Petersburg, FL 33705
1152 62ND AVENUE S, St Petersburg, FL, 33705
$920,000
For Sale
$920,000
Fully built-out medical office ready for new owners/users.
Property Size2,496 SF
Lot Size0.23 Acres
Price / SF$368.59
Days on Market143
Property Features for 1152 62ND AVENUE S
General Information
- Standard status
- Active
- Size
- 2,496 SF
- Lot size
- 0.23 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1979
Listing Agency
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed by
CAROLINE HANNA · License #3177435
Source
Corcoran
Added: Feb 26 Checked: Jul 19 at 4:35 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
This 2496-square-foot property offers an excellent opportunity to own a fully built-out medical office in St. Petersburg, ideally suited for medical, dental, or other healthcare-related practices, and can also be used as executive offices for non-healthcare related businesses. The property features three entry doors, allowing it to be subdivided into up to three different offices or businesses. The interior currently includes eight exam rooms, a dedicated lab room, a comfortable break room, and three restrooms, providing a functional layout designed to support efficient daily operations. The floor plan offers flexibility for a variety of specialties and practice sizes. The exterior provides 12 on-site parking spaces for patients and staff, along with a private pylon sign for strong visibility and prominent street presence. The roof was replaced in 2016, adding long-term value. Strategically located in South St. Petersburg with convenient access to major roadways, this property presents a rare opportunity to acquire a turnkey medical office in a growing market.
Key Highlights
- Turnkey medical office ready for immediate occupancy.
- Ideal for medical, dental, healthcare, or executive offices with flexible floor plan.
- Potential for subdivision into up to 3 separate offices with 3 entry doors.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.0k | $26.04 |
| − Vacancy | −$13.3k | −$5.34 |
| EGI | $51.7k | $20.70 |
| − OpEx | −$12.9k | −$5.18 |
| NOI | $38.8k | $15.53 |
2,496 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$553.6K
$484.4K – $645.9K
NOI $38,754 @ 7.0% cap · market cap 4.21%
Second Best
Healthcare Medical
$328.9K
$287.8K – $383.7K
NOI $23,021 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$649.2K
$568.1K – $757.4K
NOI $45,446 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sherif Mina St ...
Pediatrician
Saint Mary's Family ...
Medical Clinic
Dr. Sherif M. ...
Pediatrician
Private Sector Prints
Printing Service
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FAQs
What type of property is this?
Medical Office Space - Fully built-out medical office ready for new owners/users.
Where is this medical office space located?
The property is located at 1152 62ND AVENUE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Turnkey medical office ready for immediate occupancy.; Ideal for medical, dental, healthcare, or executive offices with flexible floor plan.; Potential for subdivision into up to 3 separate offices with 3 entry doors.
