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Property profile & analytics
FOR LEASE
Office buildings

3201 34Th St S St Petersburg, FL 33711

52,759 SF 34.31 ac lot Built 1972
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-3522948
Property summary
AI-generated overview

Skytown Retail presents a unique opportunity for restaurant operators seeking a vibrant location within the rapidly developing Skyway Marina District of Pinellas County. This multi-tenant retail center boasts a phased ground-floor retail component, anchored by a substantial 23,000 square foot Sprouts grocery store, ensuring high foot traffic and a strong customer base. The property offers attractive outdoor patio space, ideal for creating an inviting atmosphere for patrons. Benefit from excellent visibility and brand recognition with monument signage prominently positioned on 34th Street South/US 19, a major thoroughfare. The strategic location provides easy access via I-275, connecting to a wider regional market. The Skyway Marina District's proximity to popular beaches, attracting over 5 million annual overnight visitors, guarantees a large pool of potential customers. Furthermore, the area is experiencing significant residential growth, with over 3,000 new multi-family units either recently completed, currently under construction, or planned in the immediate vicinity, promising a sustained increase in demand for retail services. This presents a compelling investment opportunity in a high-growth area with strong demographics and excellent accessibility.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1972
Construction CONCRETE BLOCKS
Total area 52,759 SF
Lot 34.31 ac (1,494,413 SF)
APN 34-31-16-00029-000-0010
UPID US18-3522948
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
  • Jabil ITB Corporate Office
  • LifeWorks Corporate Office
  • Morneau Shepell Ltd. Physician
  • Blue Science Pool Service General Contractor
  • Kobie Marketing Services Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$22.58M
Blend (final) Blend
$28.70M
Owner & transaction history
Ac Skytown Site C LLC · 1 yrs held
Ac Skytown Site C LLC
since 2025
Last sale
$40.0M
7 recorded transactions
2025
Price N/A
2025
Price N/A
2025
Price N/A
2021
$40.0M
2019
Price N/A
2003
$4.2M
1997
$13.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $32.4M +106.6%
Commercial (general) $31.7M +102.1%
Auto repair, garage $18.4M +17.4%
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More about this property
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