Free-Standing Bar
For Sale
Contact for pricing
4685 28th St N, St Petersburg, FL 33714
C-3-zoned property with patio space and stated potential for restaurant, retail, office, and specialty service uses.
Property Size2,376 SF
Price / SF$336.70
Days on Market163
Property Features for 4685 28th St N
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Retail
Zoning
C-3
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listed By:
Marlene Behlman · License #BK3349200
Source:
Crexi
Added: May 5
Changed: Oct 11
Last Checked: Oct 12 at 7:41PM
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 Marlene Behlman
Investment Insights
Based on property information with market context.
This free-standing bar property at 4685 28th St N in Saint Petersburg contains 2,376 square feet of building area and an additional 1,000-square-foot patio on a 0.28-acre parcel. The property is zoned C-3, and the stated use possibilities include bar, restaurant, café, retail, office, wellness, and specialty services.
The site is positioned minutes from Downtown St. Petersburg and across the bay from Tampa. The building reportedly sustained no flooding during the hurricanes. An operating business is currently in the facility, and showings are available by appointment only with advance coordination.
The site is positioned minutes from Downtown St. Petersburg and across the bay from Tampa. The building reportedly sustained no flooding during the hurricanes. An operating business is currently in the facility, and showings are available by appointment only with advance coordination.
Key Highlights
- 2,376 SF building with an additional 1,000 SF patio
- 0.28‑acre parcel in Saint Petersburg, FL
- C‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,409
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,180
$528.2K
Cap Rate 7%
$377,271
$377.3K
Cap Rate 9%
$293,433
$293.4K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$37.1K $15.60/SF
− Vacancy
−$1.9K −$0.78/SF
EGI
$35.2K $14.82/SF
− OpEx
−$8.8K −$3.70/SF
NOI
$26.4K $11.11/SF
Area
Pinellas County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,180
Cap Rate 7%
$377,271
Cap Rate 9%
$293,433
Alternative Uses
Best Use
Specialty Retail
$377.3K
$330.1K – $440.2K
NOI $26,409 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$333.2K
$291.6K – $388.8K
NOI $23,326 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$618.0K
$540.8K – $721.0K
NOI $43,261 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
915
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 89%
Apparel 11%
Kane's Furniture
Home Improvements & Furnishings
4,772 visits/mo
0.5 miles
Ewing Outdoor Supply
Apparel
587 visits/mo
0.4 miles
Demographics for 33714, FL
19,905
Population
9,889
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
5,380
Density / Sq Mi
$47,221
Median Household Income
$36,207
Median Earnings
$1,270
Median Rent
$177,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Bar & Pub - C-3-zoned property with patio space and stated potential for restaurant, retail, office, and specialty service uses.
Where is this bar & pub located?
The property is located at 4685 28th St N St Petersburg, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2,376 SF building with an additional 1,000 SF patio; 0.28‑acre parcel in Saint Petersburg, FL; C‑3 zoning
