Medical Office
New
For Sale
$699,900
1152 62nd Avenue S, St Petersburg, FL 33705
CommercialSale, St Petersburg, FL
Property Size2,528 SF
Lot Size0.23 Acres
Price / SF$276.86
Days on Market6
Property Features for 1152 62nd Avenue S
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
RO
Parking features
Parking Lot
Subdivision
Not on List
Lot features
Cleared, Flat
Directions
From Greater Pinellas Point head East for 0.3 Miles and you should reach your destination the right side of the street.
Standard status
Active
APN
32-16-12-47070-000-0070
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
KORTSCH'S WEDGEWOOD PARK TRACT 'A' PARTIAL REPLAT LOT 7 AND W 15FT OF LOT 6
Tax Annual Amount
5290
Legal Description
KORTSCH'S WEDGEWOOD PARK TRACT 'A' PARTIAL REPLAT LOT 7 AND W 15FT OF LOT 6
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Flooring type
Slate, Tile
Roof type
Asphalt, Shingle
Listing Agency:
Century 21 J.W.Morton R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Elias Kirallah · License #3123414
(352) 400-2635
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 6 at 7:06PM
MLS# 858349
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,528-square-foot medical office building sits on approximately 0.23 acres and was built in 1979. The concrete-block and stucco structure contains 9 exam rooms, a dedicated lab, a staff break room and 3 restrooms. Three exterior entrances allow access to different portions of the building. The roof was replaced in 2016, and the property is designated Flood Zone X.
The site has approximately 90 feet of frontage on 62nd Avenue South and 12 on-site parking spaces. Zoning is RO. Local traffic counts are approximately 6,800 AADT. Nearby south St. Petersburg neighborhoods include Lakewood Estates, Bay Vista, Pinellas Point and Lake Vista. Interstate 275 access is available from 54th Avenue South, approximately eight blocks north, providing routes toward downtown St. Petersburg and Tampa, as well as south across the Sunshine Skyway.
The site has approximately 90 feet of frontage on 62nd Avenue South and 12 on-site parking spaces. Zoning is RO. Local traffic counts are approximately 6,800 AADT. Nearby south St. Petersburg neighborhoods include Lakewood Estates, Bay Vista, Pinellas Point and Lake Vista. Interstate 275 access is available from 54th Avenue South, approximately eight blocks north, providing routes toward downtown St. Petersburg and Tampa, as well as south across the Sunshine Skyway.
Key Highlights
- 2,528‑square‑foot medical office building on approximately 0.23 acres
- Healthcare layout includes 9 exam rooms, 1 lab room, a staff break room and 3 restrooms
- Three separate exterior entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,251
Cap Rate
5.61%
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 5.61%
Second Best
Healthcare Medical
$333.1K
$291.5K – $388.6K
NOI $23,316 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$657.6K
$575.4K – $767.2K
NOI $46,029 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical rooms, a dedicated lab, staff break area and three restrooms support a healthcare-oriented layout.
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 $699,900.
What are key features of this property?
This property features: 2,528‑square‑foot medical office building on approximately 0.23 acres; Healthcare layout includes 9 exam rooms, 1 lab room, a staff break room and 3 restrooms; Three separate exterior entrances
