2400-2462 5Th Ave St. Petersburg, FL 33712
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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