3500 Morris N St Saint Petersburg, FL 33713-1629
This exceptional 12,752-square-foot warehouse, situated on a 0.57-acre lot in St. Petersburg, Florida, presents a compelling investment opportunity. Built in 1981, this single-story industrial property boasts a desirable IT zoning designation. The asking price is $1,750,000, translating to $137.23 per square foot – a price point significantly below replacement cost. The property's address is 3500 Morris St N, St. Petersburg, FL 33713, conveniently located less than four miles from downtown St. Petersburg. The entire 12,752 square feet is net rentable. Currently, the occupancy rate stands at 77.5%. This warehouse offers significant potential for a variety of uses, given its size, location, and zoning. The property is owned by ASI CABESSA and presents a rare chance to acquire a well-positioned industrial asset in a thriving Florida market. Its single-building structure simplifies management and maintenance. Serious inquiries are encouraged to explore this attractive investment prospect further. The property is located in Pinellas County.
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Cabessa Storage - Saint Petersburg Storage Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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