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24230529
24230558

240 1st Ave S, St Petersburg, FL 33701

LR
FL FL 3079162
SMITH & ASSOCIATES REAL ESTATE
Listed by SMITH & ASSOCIATES REAL ESTATE
$10,500,000
345 days on market
Updated 65 days ago

Innovation Center

Details
APN 19-31-17-74466-036-0040
Property Type Office
Sub Type Creative Office, Medical Office (+1)
Square Footage 16,000
Occupancy 75%
Tenancy Multi
Lease Type Modified
Price per SqFt $656
Broker Co-Op Yes
Class B
Year Built 1988
Year Renovated 2015, 2022
Buildings 1
Stories 4
Acreage 0.200
Zoning Downtown Center 1
Investment Type Value Add
Ownership Fee Simple

Boutique Investment in St Petersburg Urban Core

Marketing description

Boutique downtown St Petersburg office building - once part of the Historic McNulty Station project is ready for a new owner. Once in a lifetime opportunity to be part of the amazing thriving St Pete community that has it all: art, museums, restaurants, parks, and new luxury condominiums all along a gorgeous waterfront and is considered to be one the “best places to travel in the US” and “best street art cities in the world”. The Innovation Center is a beautiful brick office building with unique architectural details – large open patio on the first floor and almost four thousand square feet total of walkways and patios on 2nd, 3rd and 4th floors. 29 dedicated parking spots in McNulty garage. Lease out the surgical center and medical offices or occupy that space as an owner Landlord. Do not lose out on this once is a lifetime availability in downtown St Petersburg!

Investment highlights

Retail Tenant in 1/2 of 1st floor and 3rd and 4th floor Tenants are at undermarket rent rates - increase cashflow with renewals or new Tenants. Able to lease the surgical center and Medical office on 1/2 of 1st floor and 2nd floor.

Listing Contacts

LR
FL FL 3079162
SMITH & ASSOCIATES REAL ESTATE
Listed by SMITH & ASSOCIATES REAL ESTATE

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Additional Information

Name
Lisa Reeves
License
FL 3079162
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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