7292 4Th St N St Petersburg, FL 33702

This exceptional Class A office building, located at 7292 4th St N in St. Petersburg, Florida, presents a compelling investment opportunity. The 8,700 square foot building sits on a 27,000 square foot corner lot, offering excellent visibility and accessibility. Currently boasting 100% occupancy since August 21, 2023, the property features three suites, each with one or two separate entrances, ideal for multi-tenant use. The building's recent renovations (2001-2002, 2014, 2017, 2018, and 2022-2023) ensure a modern and well-maintained space. The primary tenant, a national physical therapy company, is under a five-year lease (commencing June 1, 2022, and expiring May 31, 2027) with a 3% annual rent bump, providing consistent income. The property includes 29 parking spaces and benefits from a metal roof with Karnak silicone sealant, a concrete security fence, and an inground sprinkler system. The building is zoned CCS-1 and offers a strong cap rate of 6.50%. The asking price is $3,400,000, translating to a land value of $434.83 per square foot. This turnkey property is perfect for an owner-user or investor seeking a stable, high-return investment in a rapidly growing area. The property is currently for sale by owner.