1701 66Th St St. Petersburg, FL 33710

This exceptional St. Petersburg investment opportunity features two single-story medical office buildings totaling 6,220 square feet on a 0.52-acre lot. The property includes four distinct medical offices, two of which are move-in ready, and two beautifully renovated. Built in 1969 and 1988, the buildings boast brick construction and are located in a non-flood zone. Recent improvements include roof replacements (2011 and 2012), parking lot paving and striping (2024), and HVAC upgrades (various years between 2004 and 2024). The property offers 38 parking spaces, excellent signage opportunities, and benefits from a high average daily traffic count of 25,000. Currently, the property has a 50% occupancy rate with two tenants under a triple net lease (NNN) with a remaining lease term of 0.5 years. The asking price is $1,999,000, representing a current cap rate of 4.10% and a pro-forma cap rate of 7.29%. The property is zoned CCS-1 and offers significant value-add potential for an owner/user or investor. Multiple offices are already plumbed for dental practices. Low insurance and maintenance costs further enhance the investment appeal. The property is offered fee simple with the possibility of a 1031 exchange.