1060 62Nd St, St. Petersburg, FL 33705
Prime commercial land opportunity in the vibrant St. Petersburg, Florida market. This 0.38-acre lot features a 4,330 square foot building, currently fully occupied and generating strong returns. The property is situated at 1060 62nd Avenue South, in the 33705 zip code, offering excellent access to the dynamic Tampa MSA area. This well-maintained building presents a compelling investment prospect for those seeking a high-return asset in a rapidly growing region. The property's current occupancy ensures a consistent income stream, making it an attractive option for both seasoned investors and those new to commercial real estate. The asking price is $650,000, and seller financing may be available, providing flexibility for potential buyers. This special purpose property is categorized as commercial land and offers significant potential for future development or continued operation as a successful income-generating asset. The property's location within the thriving St. Petersburg market positions it for continued appreciation and strong rental income. Don't miss this chance to acquire a valuable piece of commercial real estate in one of Florida's most dynamic cities.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.