Convenience Store with
1664 15TH S, St Petersburg, FL 33712
For Sale
$439,000
Corner-site property includes refrigeration, meat-processing, and ice equipment.
Property Size1,740 SF
Price / SF$213.11
Days on Market48
Property Features for 1664 15TH S
General Information
Standard status
Size
Property subtype
Additional Details
Opportunity Zone
Corner Location
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams Realty
Listed By:
Brandon Rimes · License FL #3228106
(813) 917-1894
Source:
Elliman
Added: Sep 26
Changed: Oct 29
Last Checked: Nov 12 at 8:31AM
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 Keller Williams Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding convenience store contains approximately 1,740 square feet of heated area and 2,060 square feet in total. Built in 1952, the building is offered in as-is condition. Equipment included in the sale comprises three refrigerators, a meat freezer, meat slicer, ice cooler, scale, and wrapping machine. The ATM and ice-cream cooler are excluded, and inventory will be cleared before closing unless purchased separately.
The property occupies a corner lot in an Opportunity Zone, approximately 2 miles from downtown St. Petersburg. The existing convenience store business may also be continued by a buyer who chooses to do so.
The property occupies a corner lot in an Opportunity Zone, approximately 2 miles from downtown St. Petersburg. The existing convenience store business may also be continued by a buyer who chooses to do so.
Key Highlights
- 1,740 square feet of heated space; 2,060 square feet total
- Equipment includes three refrigerators, a meat freezer, meat slicer, ice cooler, scale, and wrapping machine
- Corner‑lot property in an Opportunity Zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,389
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,780
$547.8K
Cap Rate 7%
$391,271
$391.3K
Cap Rate 9%
$304,322
$304.3K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$39.1K $18.96/SF
− Vacancy
−$2.5K −$1.23/SF
EGI
$36.5K $17.73/SF
− OpEx
−$9.1K −$4.43/SF
NOI
$27.4K $13.30/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,780
Cap Rate 7%
$391,271
Cap Rate 9%
$304,322
Alternative Uses
Best Use
Specialty Retail
$391.3K
$342.4K – $456.5K
NOI $27,389 @ 7.0% cap · market cap 6.24%
Second Best
Retail
$350.4K
$306.6K – $408.8K
NOI $24,528 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$535.8K
$468.9K – $625.1K
NOI $37,508 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,393
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
5,238 visits/mo
0.1 miles
Demographics for 33712, FL
26,395
Population
13,055
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
4,124
Density / Sq Mi
$57,729
Median Household Income
$39,589
Median Earnings
$1,440
Median Rent
$300,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Save A Lot — 701 9th St N, St. Petersburg, FL 33701
- The Picasso Chef — 1162 Highland St N, St. Petersburg, FL 33701
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner-site property includes refrigeration, meat-processing, and ice equipment.
Where is this grocery and convenience store located?
The property is located at 1664 15TH S St Petersburg, FL.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 1,740 square feet of heated space; 2,060 square feet total; Equipment includes three refrigerators, a meat freezer, meat slicer, ice cooler, scale, and wrapping machine; Corner‑lot property in an Opportunity Zone
