Presented By: PREMIER SOTHEBY'S INTL REALTY with 727-595-1604. - 727-595-1604
MLS# TB8362460
03/18/2025
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SQFT • 2,628
Home Details
Low-Risk Investment with Annual Growth | Prime St. Petersburg Location . . . Rare opportunity to own a Triple Net (NNN) leased commercial building in the heart of St. Petersburg—an ideal addition to any investment portfolio, especially for hands-off investors or those pursuing a 1031 Exchange. . . This 2,628 square-foot standalone building is fully leased to a well-established veterinary hospital. The long-term tenant is responsible for rent, 50% of annual property taxes, insurance, all operating expenses, utilities, and lawn maintenance —offering a reliable and low-maintenance income stream. . . INVESTMENT HIGHLIGHTS: Annual 3% Rental Increases: Consistent cash flow with built-in growth – LEASE TERM: 5 years remaining with a 5-year renewal option - TENANT: Thriving veterinary hospital in operation – PRIME CORNER LOCATION: 1st Avenue S & 35th Street—just one block from US-19/34th Street, ensuring visibility and high traffic volume – UPGRADES & MAINTANENCE: New roof, painted soffit/fascia (2024), and $12,000 in elective tree removal and pruning—reflecting proactive care. . . PROPERTY FEATURES: 11 Parking Spaces (including 2 ADA-compliant) + dedicated staff/doctor parking. . . Three convenient driveways for easy ingress/egress. . . Circular drop-off and pick-up area at front entrance. . . Surrounded by established businesses and accessible via major routes, this location benefits from consistent foot and vehicle traffic, increasing both tenant stability and long-term property value. With its low-risk profile and growing returns, this is a rare chance to secure a cash-flow-positive asset in one of St. Pete’s most vibrant commercial corridors.
Presented By: PREMIER SOTHEBY'S INTL REALTY with 727-595-1604. - 727-595-1604
Interior Features for 3501 1ST AVENUE S
Bathrooms
Total Baths
Other Interior Features
LivingAreaSourcepublic records
Air Conditioning Y/NYes
Heating Y/NYes
Total Stories1
General for 3501 1ST AVENUE S
Additional Parcels Y/NNo
Building Area Unitssquare feet
Cityst petersburg
Construction Materialsblock, stucco
Coolingcentral air
Countypinellas
Directionstake 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.
Flood Zone Codex
Flood Zone Code XY
HOANo
Heatingcentral, electric
Legal Descriptionwest central ave sub blk b part rep blk b, lot 1
Levelsone
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet20826
Lot Size Unitssquare feet
MLS Area33711 - st pete/gulfport
ModificationTimestamp2025-07-21t11:50:57.613z
New ConstructionNo
Occupancy Typetenant
Ownershipother
Possessionclose of escrow
Property Subtypebusiness
Property Typecommercial sale
Roofshingle
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namewest central ave sub
Tax Annual Amount8822.1
Tax Lot1
Tax Year2024
Utilitiesbb/hs internet capable, public, water connected
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