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Property profile

2400-2462 5Th Ave St. Petersburg, FL 33712

OFF-MARKET
Warehouses
47,346 SF 2.42 ac lot Built 1953
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Property summary

AI-generated overview

Seaboard Crossing, located at 2400-2462 5th Ave S in St. Petersburg, Florida, presents a unique investment opportunity. This fully renovated (2024) 47,346 square foot property sits on a 2.42-acre lot and boasts a diverse tenant mix within its shopping center and warehouse spaces. Built in 1953, the property has undergone significant improvements in recent years, making it a truly generational asset. Its prime location offers easy access to I-275 and Tropicana Field. The property features 83 dedicated parking spaces, a rare find in this area. Further enhancing its value is its location within the Warehouse Arts District, benefiting from approved upzoning. The property's high elevation point provides additional advantages. Situated on a full city block, this income-producing property is located in the tax-free state of Florida. This is an exceptional opportunity to acquire a well-maintained, multi-tenant property with significant upside potential in a thriving urban location. The property's combination of retail and warehouse space caters to a wide range of businesses, ensuring strong occupancy and rental income.

Property profile

Verified
Property type Warehouses
Year built 1953
Total area 47,346 SF
Lot 2.42 ac (105,415 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2400-2462 5Th Ave St. Petersburg, FL 33712
St. Petersburg metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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