7655 38th Ave North, St. Petersburg, FL
7655 38th Ave North, St. Petersburg
Marketing description
Wisdom Capital Group is pleased to present St. Pete Medical Campus, a 20,270 SF medical office asset situated on 3.27 acres in St. Petersburg, featuring approximately 200 parking spaces, one of the largest remaining sites in the market. The building offers a highly functional layout with a central atrium, multiple access points, a large auditorium, and flexible upstairs suites with office, conference, and kitchen areas, supporting a wide range of medical and professional users. The property includes in-place income from an existing tenant on a NNN lease, while the remaining vacancy presents a clear opportunity for lease-up, repositioning, or potential redevelopment, making this a compelling value-add opportunity in a supply-constrained market.
Investment highlights
- 20,270 SF medical office building on 3.27 acres with approximately 200 parking spaces, offering a rare combination of scale, land, and parking that can support high-volume medical use or multiple tenants simultaneously
- Highly functional layout featuring a large central atrium with two main entrances, creating strong flow and allowing for seamless multi-tenant operation without interference
- ~4,500 SF auditorium with dedicated entrances, providing a unique amenity that can support medical training, events, or be repurposed for clinical use
- Flexible second-floor suites with office, conference, and kitchen areas, easily adaptable for a variety of medical or professional users
- Multiple access points throughout the building, including separate entrances to key areas, allowing for easy demising or single-user conversion
- Anchored by Optum, a credit tenant on a NNN lease covering property expenses, providing stable in-place income while the remaining space offers significant lease-up ups
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