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7292 4Th St St. Petersburg, FL 33702

Sponsored
For Sale
$3,400,000

Class A Office, High Occupancy, Strong ROI

Property size:
8,700 SF

Description

Added:
Dec 11, 2024
Days on Market:
397
This exceptional Class A office building, located at 7292 4th St N in St. Petersburg, Florida, presents a compelling investment opportunity. The 8,700 square foot building sits on a 27,000 square foot corner lot, offering excellent visibility and accessibility. Currently boasting 100% occupancy since August 21, 2023, the property features three suites, each with one or two separate entrances, ideal for multi-tenant use. The building's recent renovations (2001-2002, 2014, 2017, 2018, and 2022-2023) ensure a modern and well-maintained space. The primary tenant, a national physical therapy company, is under a five-year lease (commencing June 1, 2022, and expiring May 31, 2027) with a 3% annual rent bump, providing consistent income. The property includes 29 parking spaces and benefits from a metal roof with Karnak silicone sealant, a concrete security fence, and an inground sprinkler system. The building is zoned CCS-1 and offers a strong cap rate of 6.50%. The asking price is $3,400,000, translating to a land value of $434.83 per square foot. This turnkey property is perfect for an owner-user or investor seeking a stable, high-return investment in a rapidly growing area. The property is currently for sale by owner.

Property Features for 7292 4Th St

General Information

Property type
Medical offices
Square Feet
8,700 SF
Class
A

Building Details

Year Built
1991
Buildings
1
Stories
1
Units
3

HighLights

  • Corner lot, 27,000 sq. ft., access from 4th Street North & 73rd Avenue. Landscaped with mature trees and sprinkler system.
  • 8,700 sq. ft. building (7,819 rentable sq. ft.), three suites, each with multiple entrances. Freshly painted, perimeter sidewalk, and secured with fencing and a metal roof with Karnak silicone sealant.
Property Profile Location Intelligence

Current Use by Public Records

Prescription Weight Loss ... Weight Loss Service Prescription Health Network ... Pharmacy Select Physical Therapy ... Physical Therapy Clinic New Image Clinique: ... Vascular Surgeon Vascular Institute of Florida Cosmetic Surgeon

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
St. Petersburg
County
Pinellas
State
Florida
Longitude
-82.638807106202
Latitude
27.838857359058

FAQs

What type of property is this?
Medical office - Class A Office, High Occupancy, Strong ROI
Where is this medical office located?
The property is located at 7292 4Th St St. Petersburg, FL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Corner lot, 27,000 sq. ft., access from 4th Street North & 73rd Avenue. Landscaped with mature trees and sprinkler system.; 8,700 sq. ft. building (7,819 rentable sq. ft.), three suites, each with multiple entrances. Freshly painted, perimeter sidewalk, and secured with fencing and a metal roof with Karnak silicone sealant.;
More about this property
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