8Th Ave St. Petersburg, FL 33701
- Warehouses
- 24,000 SF
- 1.07 lot acres
Current Use by Public Records
- Warehouses
Property Details for 0 8Th Ave
- Lot size
- 1.07 lot acres
- Property size
- 24,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a fully occupied, 24,000-square-foot industrial warehouse situated on a 1.07-acre lot in St. Petersburg, Florida. The property, located at 4049-4123 S 8th Avenue, zip code 33701, Pinellas County, boasts eight individual units ranging in size from 3,000 to 6,000 square feet, each currently leased. Built in 1979 and renovated that same year, the warehouse benefits from a prime location within a thriving market, approximately five miles west of Downtown St. Petersburg and five miles east of St. Pete Beach. The property's 100% occupancy rate provides immediate cash flow, with short-term leases offering the potential for significant rental increases to reflect current market values. The surrounding area has limited available inventory and strong demand for commercial storage space, making this a highly desirable asset. The asking price is $3,200,000, representing a compelling value well below replacement cost. This is an ideal acquisition for investors seeking a stable, high-performing industrial property with substantial upside potential in a rapidly growing market. The property's APN is 27-31-16-87093-001-0010 and is owned by ASI CABESSA. The property is served by the St. Petersburg market, which has a population of 113,811 residents within a 3-mile radius.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6281
- Latitude
- 27.7624
