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1506 54th N Ave Saint Petersburg, FL 33703-2645

OFF-MARKET Strip malls Google Maps
5,568 SF 0.42 ac lot Built 1957
Entity Owned Free & Clear
Estimated value (blended)
$500k
Range $450k – $550k (±10%)
Property ID US18-4121882

Property summary

AI-generated overview

This exceptional 2,250 sq ft endcap unit in the remodeled Hillside Center at 1506 54th Ave N, St. Petersburg, FL 33703 offers a rare opportunity. Boasting a highly desirable CCS-1 zoning, it allows for diverse uses including restaurant, retail, office, and more. Located at the intersection of 16th Street and 54th Avenue North, this property benefits from approximately 24,000 daily car counts and direct visibility from the 54th Avenue interstate exit. The unit features a completely updated interior with 11-foot ceilings, exposed metal rafters, restored terrazzo floors, new lighting and baseboards, two remodeled ADA bathrooms, and a private office. Additional features include 700 sq ft of dedicated exterior space, three-phase electric service, overhead garage door access for rear loading, and a brand new parking lot and roof (2023). The building's concrete block construction ensures durability. The 6,960 sq ft building offers 30 parking spaces. This is a unique opportunity to secure a drive-thru-permitted space in St. Petersburg, a rarity in the market, without the need for new construction. The property's high visibility and versatile zoning make it ideal for a variety of businesses seeking a prominent location at a competitive price.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1957
Construction CONCRETE BLOCKS
Total area 5,568 SF
Lot 0.42 ac (18,326 SF)
APN 01-31-16-15009-001-0010
UPID US18-4121882

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Loan Service Bank
  • Barber Shop
  • Spa & Massage Center Alternative Medicine Practice
  • Hair Salon Nail Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

since 2026
Last sale
$2.3M
4 recorded transactions
2026
$2.3M
2019
$450,000
2005
Price N/A
1997
$85,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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