Mixed-Use Buildings with Parking

1315 9TH N AVENUE, St Petersburg, FL 33705

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For Sale

$1,795,000

Three buildings with parking near downtown St. Petersburg.

Type:Commercial/Industrial

Property size:

8,376 SF

Lot size:

0.49 Acres

Price / SF:

$214/SF

HighLights

Hurricane‑proof: Resisted strong winds with no flooding or damages; located in a non‑flood zone.
Two Parcels Under One Price: Includes a large building (approx. 8600 sqft) with a detached house, a separate single‑family home (2 bed/1 bath), and an additional parcel of over 4500 sqft used as a parking lot (50 car capacity).
Prime Location: Just 7 minutes from downtown St. Petersburg and steps away from St. Anthony's Hospital.
Versatile Zoning: Allows for redevelopment as multi‑use, C1, C2, C3 retail, and potentially multi‑family residential.
Updated and Renovated: Features a 3‑year‑old roof, updated electrical panel, updated bathrooms, AC unit, and lighting.
High Visibility & Traffic: Corner building with exceptional visibility and high traffic flow on 9th Ave N.

We can help!

Listing Contact

Greta Murati

For Sale

$1,795,000

Three buildings with parking near downtown St. Petersburg.

Type:Commercial/Industrial

Property size:

8,376 SF

Lot size:

0.49 Acres

Price / SF:

$214/SF

Added:: Mar 8, 2024
Days on Market:: 832
Last Refresh:: May 19 at 9:05 pm

Property Features for 1315 9TH N AVENUE

General Information

Standard status: Active
Size: 8,376 SF
Lot size: 0.49 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1930

We can help!

Listing Contact

Greta Murati

Listing agent Greta Murati License #3285110

Listing office COLDWELL BANKER REALTY

Listing date Mar 8, 2024

Source Exitrealty

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 COLDWELL BANKER REALTY

HighLights

Hurricane‑proof: Resisted strong winds with no flooding or damages; located in a non‑flood zone.
Two Parcels Under One Price: Includes a large building (approx. 8600 sqft) with a detached house, a separate single‑family home (2 bed/1 bath), and an additional parcel of over 4500 sqft used as a parking lot (50 car capacity).
Prime Location: Just 7 minutes from downtown St. Petersburg and steps away from St. Anthony's Hospital.
Versatile Zoning: Allows for redevelopment as multi‑use, C1, C2, C3 retail, and potentially multi‑family residential.
Updated and Renovated: Features a 3‑year‑old roof, updated electrical panel, updated bathrooms, AC unit, and lighting.
High Visibility & Traffic: Corner building with exceptional visibility and high traffic flow on 9th Ave N.

Overview

This property features three buildings under one tax ID, along with an additional parcel used as a commercial vacant lot or parking space. Located just 7 minutes from downtown and steps away from St. Anthony Hospital, the property is situated within a vibrant community. The current zoning is institutional, but it is suitable for redevelopment as multi-use, C1, C2, C3 retail, and possibly multi-family residential buildings, wholesale/distribution centers, research and development facilities, and recreational establishments. The first building, almost 8600 square feet, includes an additional detached house and a separate single-family home with 2 bedrooms and 1 bathroom, currently used for storage, all situated on a 22,000 square foot lot. The second parcel, over 4500 square feet, is used as a parking area. The building has updates including a roof that is only 3 years old, an updated electrical panel, updated bathrooms, AC unit, and lighting. The corner building offers high visibility. The first floor is suitable for various businesses. The second floor, with over 2800 square feet, is used for meetings and events and includes a full kitchen. There is parking space for 50 cars on both sites. The property is in excellent condition inside and out and offers exceptional visibility with high traffic flow on 9th Ave N in Pinellas County.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$218.1k	$26.04
− Vacancy	−$44.7k	−$5.34
EGI	$173.4k	$20.70
− OpEx	−$43.3k	−$5.18
NOI	$130.0k	$15.53

8,376 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,049 @ 7.0% cap · market cap 7.25%

Second Best

Mixed Use

$1.49M

$1.30M – $1.73M (±1% cap)

NOI $104,030 @ 7.0% cap · market cap 5.80%

Theoretical Best

Office A

$2.18M

$1.91M – $2.54M (±1% cap)

NOI $152,506 @ 7.0% cap · market cap 8.50%

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

Property Profile Location Intelligence

Current Use by Public Records

United Neighborhood Community ... Community Center Pinellas Christian Center Church

Suggested Use

Location Insight

Map
Local Demand

City: St Petersburg
County: Pinellas
State: Florida
Longitude: -82.6525
Latitude: 27.7814

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For sale
Mixed-use properties
FL
St Petersburg
33705
1315 9TH N AVENUE

What type of property is this?

Mixed-use property - Three buildings with parking near downtown St. Petersburg.

Where is this mixed-use property located?

The property is located at 1315 9TH N AVENUE St Petersburg, FL.

What is the asking price?

The asking price for this property is $1,795,000.

What are key features of this property?

This property features: Hurricane‑proof: Resisted strong winds with no flooding or damages; located in a non‑flood zone.; Two Parcels Under One Price: Includes a large building (approx. 8600 sqft) with a detached house, a separate single‑family home (2 bed/1 bath), and an additional parcel of over 4500 sqft used as a parking lot (50 car capacity).; Prime Location: Just 7 minutes from downtown St. Petersburg and steps away from St. Anthony's Hospital.