7292 4Th St St. Petersburg, FL 33702
- Office buildings
- 7,622 SF
- 0.60 lot acres
Current Use by Public Records
- Prescription Weight Loss Clinic / Health Consultant / Weight Loss Service
- Prescription Health Network LLC / Pharmacy
- Select Physical Therapy - St Petersburg - 4th Street / Physical Therapy Clinic / Medical Clinic
- New Image Clinique: Blackshear William M MD / Vascular Surgeon / Doctor
- Vascular Institute of Florida / Cosmetic Surgeon / Medical Laboratory
Property Details for 7292 4Th St
- Year built
- 1990
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.60 lot acres
- Property size
- 7,622 SF
- Property type
- Office buildings
- APN
- 30-30-17-31176-005-0070
- APU
- 303017311760050070
Description
This exceptional Class A office building, located at 7292 4th St N in St. Petersburg, Florida, presents a compelling investment opportunity. The 8,700 square foot building sits on a 27,000 square foot corner lot, offering excellent visibility and accessibility. Currently boasting 100% occupancy since August 21, 2023, the property features three suites, each with one or two separate entrances, ideal for multi-tenant use. The building's recent renovations (2001-2002, 2014, 2017, 2018, and 2022-2023) ensure a modern and well-maintained space. The primary tenant, a national physical therapy company, is under a five-year lease (commencing June 1, 2022, and expiring May 31, 2027) with a 3% annual rent bump, providing consistent income. The property includes 29 parking spaces and benefits from a metal roof with Karnak silicone sealant, a concrete security fence, and an inground sprinkler system. The building is zoned CCS-1 and offers a strong cap rate of 6.50%. The asking price is $3,400,000, translating to a land value of $434.83 per square foot. This turnkey property is perfect for an owner-user or investor seeking a stable, high-return investment in a rapidly growing area. The property is currently for sale by owner.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6392
- Latitude
- 27.8386
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
