Medical Office with Exam
1152 62nd Avenue S, St Petersburg, FL 33705
For Sale
$644,905
Commercial Sale, St. Petersburg, FL
Property Size2,528 SF
Lot Size0.23 Acres
Price / SF$255.10
Days on Market40
Property Features for 1152 62nd Avenue S
General Information
Property type
Property subtype
Zoning
Parking features
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Flooring type
Roof type
Buildings
Listing Agency:
CENTURY 21 J.W.MORTON R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Elias Kirallah · License FL BK3123414
(352) 400-2635
Added: Oct 1
Changed: Nov 9
Last Checked: Nov 9 at 9:06PM
MLS# CC858349
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Configured for medical practice, this 2,528-square-foot building contains 9 exam rooms, a dedicated lab, a staff break room, and 3 restrooms. Concrete-block and stucco construction, tile and slate flooring, central air, and open on-site parking support its existing layout. The roof was replaced in 2016, and the property carries an RO zoning designation. The approximately 0.23-acre parcel includes three exterior entrances, allowing separate access points within the building.
The property fronts 62nd Avenue South in St. Petersburg, with approximately 90 feet along the roadway. Local traffic counts are approximately 6,800 AADT. Interstate 275 is accessible via 54th Avenue South, about eight blocks north, and connects the area to downtown St. Petersburg, Tampa, and points south across the Sunshine Skyway.
The property fronts 62nd Avenue South in St. Petersburg, with approximately 90 feet along the roadway. Local traffic counts are approximately 6,800 AADT. Interstate 275 is accessible via 54th Avenue South, about eight blocks north, and connects the area to downtown St. Petersburg, Tampa, and points south across the Sunshine Skyway.
Key Highlights
- 2,528‑square‑foot medical building on approximately 0.23 acres
- 9 exam rooms, 1 dedicated lab room, a staff break room, and 3 restrooms
- Approximately 90 feet of frontage on 62nd Avenue South
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,251
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,020
$785.0K
Cap Rate 7%
$560,729
$560.7K
Cap Rate 9%
$436,122
$436.1K
Market Conditions
NOI Build-Up for 2,528 SF
Gross rent
$65.8K $26.04/SF
− Vacancy
−$13.5K −$5.34/SF
EGI
$52.3K $20.70/SF
− OpEx
−$13.1K −$5.18/SF
NOI
$39.3K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,020
Cap Rate 7%
$560,729
Cap Rate 9%
$436,122
Alternative Uses
Best Use
Office B
$560.7K
$490.6K – $654.2K
NOI $39,251 @ 7.0% cap · market cap 6.09%
Second Best
Healthcare Medical
$542.2K
$474.5K – $632.6K
NOI $37,957 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$657.6K
$575.4K – $767.2K
NOI $46,029 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in St Petersburg, FL
Properties on Market for Medical Office Space in St Petersburg
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare-focused space includes a dedicated laboratory, staff break room, and multiple exterior entrances.
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 $644,905.
What are key features of this property?
This property features: 2,528‑square‑foot medical building on approximately 0.23 acres; 9 exam rooms, 1 dedicated lab room, a staff break room, and 3 restrooms; Approximately 90 feet of frontage on 62nd Avenue South
