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Property profile & analytics
FOR SALE
Grocery and convenience stores

4501 66Th St N St Petersburg, FL 33709

99,464 SF 10.9 ac lot Built 1970
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-5084701
Property summary
AI-generated overview

This exceptional 97,399 square foot shopping center in Kenneth City, Florida, presents a compelling investment opportunity. Anchored by Sprouts (shadow), At Home, and Five Below, the center boasts strong foot traffic and a 10-year lease with contractual rent increases, ensuring stable cash flow. Located at 4501 66th St, St. Petersburg, FL 33709, the property benefits from excellent visibility on 66th Street N (42,000 vehicles per day) and convenient access to 46th Avenue N (5,900 vehicles per day). Serving a robust customer base of over 157,000 residents within a 10-minute drive, boasting an average annual household income exceeding $82,000, this asset offers significant upside. The recent complete redevelopment minimizes future capital expenditures. Its prime location, just four miles from Gulf beaches and minutes from downtown St. Petersburg, further enhances its appeal. The property's proximity to major sports teams (Tampa Bay Rays, Buccaneers, Lightning) and Florida's largest seaport contributes to the area's thriving economy. The asking price is $9,100,000, translating to $93.43 per square foot. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a rapidly growing market.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1970
Construction CONCRETE BLOCKS
Total area 99,464 SF
Lot 10.9 ac (474,739 SF)
APN 05-31-16-00000-320-0500
UPID US18-5084701
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.55M
Owner & transaction history
Ideal Leasing LLC · 2 yrs held
Ideal Leasing LLC
since 2024
Last sale
$2.6M
4 recorded transactions
2024
$2.6M
2021
$6.0M
2015
Price N/A
2001
$2.9M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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