Boutique Retail Property on Corey
350 COREY AVENUE St Pete Beach, FL 33706
350 COREY AVENUE, St Pete Beach, FL, 33706
$1,350,000
For Sale
$1,350,000
Stabilized retail asset in St. Pete Beach's commercial district.
Property Size3,958 SF
Price / SF$341.08
Days on Market101
Property Features for 350 COREY AVENUE
General Information
- Standard status
- Active
- Size
- 3,958 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing Agency
KELLER WILLIAMS ST PETE REALTY
(727) 894-1600
Listed by
LOU ZABRISKI · License #3299971
Source
Corcoran
Added: Apr 9 Checked: Jul 17 at 2:22 am
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 ST PETE REALTY
Investment Insights
Based on property information with market context.
This boutique retail property is located in the heart of Corey Avenue, a walkable street-retail area in St. Pete Beach. Corey Avenue is a central gathering point for residents and visitors, featuring a mix of restaurants, shops, and neighborhood businesses. The property benefits from consistent pedestrian activity due to its walkable layout, proximity to the beach, and recurring community events such as the Corey Avenue Sunday Market. The nearby Beach Theatre enhances the area’s identity. The building is leased to Vaughn Law and Elizabeth’s Boutique. Vaughn Law benefits from prominent signage and visibility, while the plaza on Elizabeth’s Boutique contributes to the character of Corey Avenue. The site includes rear parking. The tenants are well-established. The property offers the opportunity for rental growth as the corridor strengthens and surrounding investment increases. Corey Avenue is located within the City’s Town Center zoning district, which supports walkable retail, dining, and mixed-use development. Ongoing planning efforts and nearby redevelopment activity reinforce the long-term viability and growth of the area. The property has a size of 3958 square feet. This property is one of several St. Pete Beach assets available for sale, and ownership will consider a combined acquisition.
Key Highlights
- Prime location in the heart of Corey Avenue, a highly recognizable and walkable commercial district in St. Pete Beach.
- Stabilized income stream from established tenants with complementary businesses.
- Consistent pedestrian traffic driven by proximity to the beach, recurring community events, and the Beach Theatre.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $15.00 |
| − Vacancy | −$3.9k | −$0.98 |
| EGI | $55.5k | $14.03 |
| − OpEx | −$16.7k | −$4.21 |
| NOI | $38.9k | $9.82 |
3,958 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$555.1K
$485.7K – $647.6K
NOI $38,858 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$900.8K – $1.20M
NOI $72,065 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carolyn S. Margolies
Law Firm
Elizabeth's Boutique
Clothing & Fashion Store
Sunset Beach Shop
Home Decor Store
Property Law Group
Law Firm
Anderson & Brodersen, P.A.
Law Firm
Similar For Sale Nearby
Similar Off Market Nearby
- Betty Flowers — St Pete Beach, FL 33706
FAQs
What type of property is this?
Storefront property - Stabilized retail asset in St. Pete Beach's commercial district.
Where is this storefront property located?
The property is located at 350 COREY AVENUE St Pete Beach, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime location in the heart of Corey Avenue, a highly recognizable and walkable commercial district in St. Pete Beach.; Stabilized income stream from established tenants with complementary businesses.; Consistent pedestrian traffic driven by proximity to the beach, recurring community events, and the Beach Theatre.
