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Property Description

Rare Commercial Property opportunity in the heart of St. Petersburg, FL. This Triple Net (NNN) leased building is one of the most reliable forms of income-producing real estate ownership, ideal for 1031 Exchange or Hands-off Investors. The 2,628 sq ft standalone building has a stable, thriving Veterinary Hospital tenant responsible for paying rent, half of the annual taxes, insurance, operating expenses, utilities, and the lawn maintenance associated with the property. The property is located on the corner of 1st Ave S and 35th St. one block away from US 19 (34th St) offering high visibility and traffic volume with several nearby businesses driving consistent foot traffic. Convenient Access & Parking with 11 Parking spaces (including two handicapped spots) for patrons and separate additional parking for the doctor and staff. Offers 3 driveways for easy Entry/Exit access and front door circular drop off / pick up area. Upgrades include a New Roof and Repair and painted soffit/fascia 2023, and $12K elective tree removal/pruning shows proactive property upkeep. The building owner has commercial general liability insurance for $844.36 annually. *LEASE TERM REMAINING: 5 Years* *RENEWAL OPTION: 5 Years* *2023 ANNUAL RENTAL INCOME: $46,049.05 / 2024 ANNUAL RENTAL INCOME: $50,462.40 * *RENTAL INCREASES: 3% Annually* Increasing returns make this a low-maintenance, cash-flow-positive property.

Features
Central, Electric
Central Air
13 To 18 Spaces
Shingle
Public Sewer
Public, Bb/hs Internet Capable, Water Connected
Address Map
FL
Pinellas
ST PETERSBURG
33711
3501 1ST AVENUE S
0
W83° 19' 8''
N27° 46' 13.1''
Take US 19 (34th St) to 1st Ave N and head west. Turn south on 35th St N, then turn right in to the property parking lot just before 1st Ave S.
WEST CENTRAL AVE SUB
Additional Info
PREMIER SOTHEBY'S INTL REALTY
Karen Apa
Block, Stucco
0
Slab
One
260043089
260033547
Cash, Conventional
City Street, Alley
No
1
$8,822
2024
Public
03/18/2025 22:24:49
$0

3501 1ST AVENUE S, ST PETERSBURG, Florida 33711

3501 1ST AVENUE S, ST PETERSBURG, Florida 33711

2,628 Sqft
$1,295,000
Listing ID #TB8362460
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : TB8362460
Price : $1,295,000
Square Footage : 2,628 Sqft
Year Built : 1978
Lot Area : 20,826 Sqft
Standard Status : Active
Building Area : 3,090 Sqft
MLS Status : Active
Property Type : Business
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