4059 5Th Ave St. Petersburg, FL 33710

This exceptional 2,850-square-foot retail property, located at 4059 5th Avenue North in St. Petersburg, Florida (zip code 33710), presents a remarkable investment opportunity. Situated on a 0.46-acre lot, this 1-unit building boasts 18 parking spaces, including one ADA-compliant space. Built in 1964 and extensively renovated in 2022, the property features high 14-foot vaulted ceilings, new concrete floors, a large open-concept floor plan, and three bathrooms (including one ADA-compliant). The building also includes an overhead door, large front windows providing ample natural light, a fenced and secured outdoor space, and a shaded wooden deck. The property benefits from a prominent monument sign and high visibility on a busy thoroughfare with over 23,000 daily vehicle counts. Zoned CRT-1, this versatile space allows for a wide range of uses, including office, medical, veterinary, personal service, bank, event space, and health club. Its proximity to downtown St. Petersburg (10 minutes away) and its ample parking make it an ideal location for various businesses. The CRT-1 zoning permits up to 24 units per acre, with a bonus density of 8 units per acre for workforce housing, presenting significant redevelopment potential for multifamily projects. The property is located in a non-flood zone and features a newer roof and HVAC system. This is a turnkey opportunity for an owner-user or investor seeking a high-traffic, versatile space with significant upside potential. The asking price is $898,500, and the lease type is NNN. The property is currently vacant.