Corner Retail
For Sale
$477,000
1601 5th Avenue North St., Saint Petersburg, FL 33713
For sale corner storefront on Fifth Avenue North with access from 16th St. N.
Property Size2,448 SF
Days on Market115
Property Features for 1601 5th Avenue North St.
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Restaurant
Building Details
Building Size
2,448 SF
Year Built
1929
Listing Agency:
KW Commercial
Listed By:
Jon LaBudde
(727) 510-1921
Source:
Thebrokerlist
Added: Jun 22
Changed: Oct 7
Last Checked: Oct 12 at 4:40PM
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 KW Commercial
Investment Insights
Based on property information with market context.
This for-sale retail storefront is positioned at a northwest corner and presented as a street-level commercial space suitable for neighborhood retail activity.
The property is located on Fifth Avenue North at 16th St. N. Driving directions include taking I-275 to the 5th Ave. North exit, then going left/east at the bottom of the ramp and proceeding two blocks to the left-hand side.
A corner storefront configuration can support a wide range of small retail uses that benefit from direct street exposure and straightforward customer access. Prospective buyers and tenants should confirm space details and suitability for their specific business needs during due diligence.
The property is located on Fifth Avenue North at 16th St. N. Driving directions include taking I-275 to the 5th Ave. North exit, then going left/east at the bottom of the ramp and proceeding two blocks to the left-hand side.
A corner storefront configuration can support a wide range of small retail uses that benefit from direct street exposure and straightforward customer access. Prospective buyers and tenants should confirm space details and suitability for their specific business needs during due diligence.
Key Highlights
- Corner storefront at Fifth Avenue North and 16th St. N.
- Access from 16th St. N.
- Built in 1929
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,033
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,660
$480.7K
Cap Rate 7%
$343,329
$343.3K
Cap Rate 9%
$267,033
$267.0K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$36.7K $15.00/SF
− Vacancy
−$2.4K −$0.98/SF
EGI
$34.3K $14.03/SF
− OpEx
−$10.3K −$4.21/SF
NOI
$24.0K $9.82/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,660
Cap Rate 7%
$343,329
Cap Rate 9%
$267,033
Alternative Uses
Best Use
Retail
$343.3K
$300.4K – $400.6K
NOI $24,033 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$636.7K
$557.2K – $742.9K
NOI $44,572 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
332k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 27%
Groceries 25%
Shops & Services 22%
Dining 12%
Sam's Club
Superstores
90,454 visits/mo
0.1 miles
Publix
Groceries
54,679 visits/mo
0.3 miles
Winn-Dixie
Groceries
27,224 visits/mo
0.1 miles
Starbucks
Dining
21,927 visits/mo
0.2 miles
Goodwill
Apparel
21,149 visits/mo
0.4 miles
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale corner storefront on Fifth Avenue North with access from 16th St. N.
Where is this storefront property located?
The property is located at 1601 5th Avenue North St. Saint Petersburg, FL.
What is the asking price?
The asking price for this property is $477,000.
What are key features of this property?
This property features: Corner storefront at Fifth Avenue North and 16th St. N.; Access from 16th St. N.; Built in 1929
