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Property profile & analytics
FOR SALE
Specialty properties

1940 7Th Ave South St Petersburg, FL 33712

7,724 SF 0.63 ac lot Built 1964
Individually Owned 5-yr Hold Free & Clear
Property ID
US18-4155808
Property summary
AI-generated overview

This exceptional commercial property, known as Melrose Rendezvous, presents a rare off-market opportunity in Pinellas County. The 14,648 square foot building, constructed in 1964, offers a blend of retail, office, and industrial space, currently entirely vacant and available for lease. The flexible layout allows for multiple tenants or a single large occupant, with minimum divisible space of 4,774 square feet and a maximum contiguous space of 9,874 square feet. The property sits on a 0.63-acre lot and boasts a contemporary design with abundant natural light, creating a modern and versatile environment suitable for a variety of businesses. Amenities cater to both employees and clients, while ample parking ensures convenience for all. Its strategic location within a prime business area provides high visibility and accessibility, making it an ideal location for businesses seeking a prominent presence. The space offers potential for customization to meet specific business requirements. This is a truly exceptional opportunity to secure a well-located, versatile commercial space before it hits the open market.

Property profile
Verified
Property type Specialty properties
Use group CREMATORIUM, MORTUARY
Year built 1964
Construction CONCRETE BLOCKS
Total area 7,724 SF
Lot 0.63 ac (27,438 SF)
APN 25-31-16-37170-000-0260
UPID US18-4155808
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Precision Build & Design Construction Company General Contractor
  • Precision Solar Design Solar Energy Company
  • Precision Builds Futures Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Joshua Read · 5 yrs held
Joshua Read
since 2021
Last sale
$400,000
4 recorded transactions
2021
$400,000
2018
Price N/A
2014
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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