Corridor Commercial Mixed-Use
500 64th St S St Petersburg, FL 33707
500 64th St S, St Petersburg, FL, 33707
$1,199,000
For Sale
$1,199,000
CCT-1 zoned two-parcel site with direct Pinellas Trail access and existing office-and-storage improvements.
Property Size2,720 SF
Lot Size0.37 Acres
Price / SF$440.81
Days on Market73
Property Features for 500 64th St S
General Information
- Standard status
- Active
- Size
- 2,720 SF
- Lot size
- 0.37 Acres
- Property subtype
- Land
Listing agency
BARKETT REALTY
(813) 434-8827
Listed by
Amar Nathwani
(813) 434-8827
Source
Exprealty
Added: May 11 Updated: Jul 22 at 1:57AM Checked: Jul 22 at 9:55AM
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 BARKETT REALTY
Investment Insights
Based on property information with market context.
This two-parcel assemblage includes a 2,720 SF structure with 1,964 SF of heated interior space, plus a steel-trussed 2+ car garage and a large fenced storage yard with a rolling gate. The property offers functional space for an owner-user while supporting flexible redevelopment given the underlying land value.
The site fronts the Pinellas Trail and provides accessibility from three sides, including access off 64th Street S, direct trail access, and rear alley access. Multiple ingress and egress points include prominent curb cuts along 64th Street S and direct southwest trail connectivity, supporting varied site planning options.
Zoned CCT-1 (Corridor Commercial Traditional), the property allows a broad mix of uses, including professional office, retail, residential, live-work, and light service applications. The offering is positioned as a trail-oriented development opportunity with by-right potential for townhomes and additional density that may be supported through city density initiatives along the corridor.
The site fronts the Pinellas Trail and provides accessibility from three sides, including access off 64th Street S, direct trail access, and rear alley access. Multiple ingress and egress points include prominent curb cuts along 64th Street S and direct southwest trail connectivity, supporting varied site planning options.
Zoned CCT-1 (Corridor Commercial Traditional), the property allows a broad mix of uses, including professional office, retail, residential, live-work, and light service applications. The offering is positioned as a trail-oriented development opportunity with by-right potential for townhomes and additional density that may be supported through city density initiatives along the corridor.
Key Highlights
- CCT‑1 zoned two‑parcel site at 500 & 510 64th St S with direct Pinellas Trail access for trail‑oriented redevelopment.
- Approx. 0.37 acres (16,117 SF) with an existing 2,720 SF structure offering 1,964 SF of heated interior space.
- Steel‑trussed 2+ car garage plus fenced storage yard with rolling gate providing direct access to the Pinellas Trail.
Local Financial Insights For Office B
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 | $70.8k | $26.04 |
| − Vacancy | −$14.5k | −$5.34 |
| EGI | $56.3k | $20.70 |
| − OpEx | −$14.1k | −$5.18 |
| NOI | $42.2k | $15.53 |
2,720 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$603.3K
$527.9K – $703.9K
NOI $42,232 @ 7.0% cap · market cap 3.52%
Second Best
Mixed Use
$482.6K
$422.3K – $563.0K
NOI $33,782 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$707.5K
$619.1K – $825.4K
NOI $49,525 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - CCT-1 zoned two-parcel site with direct Pinellas Trail access and existing office-and-storage improvements.
Where is this commercial land located?
The property is located at 500 64th St S St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: CCT‑1 zoned two‑parcel site at 500 & 510 64th St S with direct Pinellas Trail access for trail‑oriented redevelopment.; Approx. 0.37 acres (16,117 SF) with an existing 2,720 SF structure offering 1,964 SF of heated interior space.; Steel‑trussed 2+ car garage plus fenced storage yard with rolling gate providing direct access to the Pinellas Trail.
