1258 19th N St Saint Petersburg, FL 33713-5726

Property Details for 1258 19th N St

Year built

1926

Construction

WOOD FRAME

Lot size

0.32 lot acres

Property size

10,320 SF

Property type

Warehouses

APN

13-31-16-54126-000-0100

APU

133116541260000100

Description

This exceptional 10,320-square-foot warehouse, built in 1926 and renovated in 2022, presents a compelling value-add opportunity in St. Petersburg, Florida. Located on a 14,000-square-foot lot (100x140), this single-story building boasts 14-foot ceilings (with some 18-foot areas), seven loading docks (including three dock-high doors), and ample parking. The property features a desirable location in the Mack's Industrial Zone, offering easy access to major corridors like 9th Ave N and 22nd Ave N, and quick access to I-275. The unique benefit of rail access adds significant value. Currently vacant, this fee-simple property is zoned IT and offers excellent signage opportunities. A pro-forma NOI of $120,000 is projected based on a $12 per square foot NNN lease. Owner financing is available with 25% down, a 7% interest rate, 25-year amortization, and a 5-year balloon payment. The asking price is $1,249,000 ($121.03/sq ft). This is a rare opportunity to acquire a well-located, historically significant industrial property with significant upside potential.