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    695 Central Ave St Petersburg, FL 33701

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    For Sale
    $11,395,500

    Fully leased retail property with long-term tenants in St. Petersburg.

    Property size:
    15,486 SF
    Lot size:
    0.21 Acres

    Property Features for 695 Central Ave

    General Information

    Size
    15,486 SF
    Lot size
    0.21 Acres

    Source: RIPCO Real Estate | Tampa Agent Ari Ravi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Retail Investment Opportunity

    This retail property features four units, all of which are fully leased. Alternatively, 1,610 square feet can be occupied by an end user while collecting income from the remaining three tenants. Three of the current tenants have new 10-year NNN leases, while one has a 3-year NNN lease (to be executed upon closing), all featuring two 5-year renewal options. Each lease includes 10% increases every 5 years through the original term and option periods. The property is located at 695 Central Ave, St Petersburg, FL and has a property size of 15,486 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IMAGE Studios - St. ... Beauty Salon Gulf Coast Canna ... Alternative Medicine Practitioner Central Openers & Springs ... Spring Supplier Mirela Adina Aldea, ... Psychologist GBTG, P.A. Addiction Treatment Center

    Suggested Use

    Restaurant Dental Office Law Firm Spa & Massage Realty agency Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.643765
    Latitude
    27.771472

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    FAQs

    What type of property is this?
    Strip mall - Fully leased retail property with long-term tenants in St. Petersburg.
    Where is this strip mall located?
    The property is located at 695 Central Ave St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $11,395,500.
    What are key features of this property?
    This property features: - Opportunity for end-user occupancy of 1,610 SF while generating income from 3 existing tenants.; - Three tenants secured with new 10-year NNN leases.; - All leases include two 5-year renewal options.
    (813) 921-5640
    Request Owner's contact information
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    St Petersburg, FL 33701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    695 Central Ave St Petersburg, FL 33701
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