1506 54th N Ave Saint Petersburg, FL 33703

Hillside Center is a strip-mall property of 6,960 square feet situated on a 0.42-acre site in Northeast St. Petersburg, positioned directly off an interstate exit. The buildings are constructed with a concrete slab, concrete block walls, and steel roof decking and trusses. The property is reported to be outside a FEMA flood zone and was not adversely impacted by 2024 storms. It has CCS-1 zoning, which permits drive-thru usage by right and also supports by-right uses including pet care, pharmacy, microbrewery, office, restaurant, bar, retail sales, studio, daycare, and health club, among other allowed uses. The plaza experiences an average daily traffic count of 27,000 vehicles and includes dedicated private outdoor space for each unit. The property features renovations that include interior and exterior upgrades across all units, with replacement of A/C units, a roof replacement in 2023, exterior painting, exterior lighting, fencing, and landscaping; the pylon sign was rewired and provided with new lighting and replaced panels. Interior improvements include redeveloped unit spaces with updated lighting and flooring, including restored terrazzo in a majority of units, and ADA-compliant bathrooms. The tenant configuration is arranged as multiple units (5 units are described as fully redone) with a mix of service and lifestyle businesses alongside a multi-unit statewide operator as a co-anchor. The property’s management structure indicates some portion of the building is configured as NNN, and leases include provisions for annual escalations; the site also presents potential for longer-term redevelopment consistent with the zoning and permitted uses.