655 31st S St Saint Petersburg, FL 33712-1805
This exceptional 15,620 square foot mixed-use building in Pinellas County, Florida, presents a unique investment opportunity. Built in 1987 and extensively renovated in 2019 ($1.7M investment), the property boasts a blend of executive office space and warehouse areas, ideal for a variety of businesses. The building features a welcoming reception area, five finished offices, and two spacious locker rooms with showers. The warehouse component comprises four large units, each with high ceilings (13'5" to 15'5"), ample natural light, and significant square footage (ranging from 1,564 to 2,464 sq ft). Two units include 10' x 14' and 10' x 11' roll-up doors, leading to a loading dock. The property also includes a large mechanical room housing a new 3-phase power service (1600 Amps), a state-of-the-art fire safety system, and a substantial "hot water on demand" system. The 0.8-acre lot provides over 30 parking spaces, with additional space available for outdoor amenities. The building's prime location in St. Petersburg, near 5th Avenue South, the Warehouse Arts District, and major highways (I- and US 19), offers unparalleled accessibility and visibility. This meticulously maintained property, with its modern finishes and extensive upgrades, is ready for immediate occupancy. The previous tenant operated a fitness and wellness center, including a coffee cafe, showcasing the building's versatility. This is a truly one-of-a-kind opportunity in a thriving market.
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Hensley Group Law Firm
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.