1501 5TH AVENUE N, ST PETERSBURG FL 33705 1501 5TH AVENUE N, ST PETERSBURG FL 33705 1501 5TH AVENUE N, ST PETERSBURG FL 33705
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$1,369,000
294 days
For Sale • 0 BEDS • 0 BATHS • 3,730 SQFT
Price increase: +$474K / +52.96% (2021/10/04)

Overview

One level Medical Office one block from St. Anthony's Hospital. St. Anthony's is currently undergoing a multi-million dollar expansion. Building is a "Mid Century" Architectural Design. Building has abundant parking. There are approximately 51 Spaces, which equates to over 13 spaces per 1,000 Sq. Ft. That is one of the best parking ratios in all of St. Petersburg. Grass covered Vacant lot to west of parking lot, goes with the property. The vacant lot is covered in grass for over flow parking but could be paved. Currently the building has 12 Exam Rooms, what appears to be a room that was used for X Rays, a reception area that could be doubled in size (without losing an exam room), reception and staff office, break room, exterior storage closet and two interior storage closets. Seller is capable and willing to renovate building to suit Buyer's needs. Prior owner occupied building in AS IS condition. Seller feels building could be renovated to be a stunning Mid Century building. Before occupancy IS the time to do upgrades. Renovation Price would be based on cost of renovations that Buyer needs. Seller has been responsible for the total renovation of many St. Petersburg properties. These prior renovations have been of the highest quality. Buyer can see, and judge for themselves the quality of prior projects. There are many flexible ways in which to structure a deal, Seller is also willing to do a Lease with a Right to Purchase and / or Seller can provide Seller Financing. To be clear, Buyer can purchase the property "AS IS" or they can discuss having building renovated to meet Buyer's needs by Seller prior to Sale. This would be Buyer's decision which way they wanted to structure deal.

Facts and features

Type:
Commercial Sale
Year Built:
1959
Heating:
• Central Building
Cooling:
• Central Air
Parking:
No Data
Lot:
0.54 Acres
Price/sqft:
$367

Estimate

$1,040,900
Estimated sales range: $931,700 - $1,178,700

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