3501 1ST AVENUE S, St Petersburg, FL 33711

2,628 sqft

Commercial Property
Built in 1978
0.48acre lot
—— car garage
$380/sqft
Listed 4 months ago

Property Description

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.

Listing Status:: Active
Date Added:: April 12, 2025 at 05:00AM
Listing Office:: PREMIER SOTHEBY'S INTL REALTY : 727-595-1604
Listing Agent:: Karen Apa : 727-776-7678
MLS ID:: TB8373879

A/C: Central Air
Disability Feature: Accessible Entrance

This listing courtesy of Karen Apa, PREMIER SOTHEBY'S INTL REALTY

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Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Fairmount Park Elementary

575 41st St S, Saint Petersburg, FL, 33711

Grades PK-5

0.69 miles away

Thurgood Marshall Fundamental

3901 22nd Ave S, Saint Petersburg, FL, 33711

Grades 6-8

1.47 miles away

Gibbs High School

850 34th St S, Saint Petersburg, FL, 33711

Grades 9-12

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.