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5500 Central Ave 1,496 SF 4-Star Office Building Saint Petersburg, FL 33707 $855,312 CAD ($571.73 CAD/SF) 6.08% Cap Rate
Investment Highlights
- Heavy trafficked area with stand-alone signage: passed by over 15,600 daily drivers.
- On-site parking, stand-alone signage, and proximity to major Saint Petersburg districts.
- Renovated and modernized interiors.
Executive Summary
Excellent Investment Opportunity. Newly executed 36-month lease in place at $4,000 per month, making this property ideal for an investor or 1031 exchange. Located in a prime, high-and-dry area (Flood Zone X) on heavily trafficked Central Avenue, offering outstanding visibility.
The property features five private offices, two bathrooms, a kitchen, conference room, waiting area, stand-alone signage, on-site parking, and additional side storage. The interior has been tastefully updated and offers strong curb appeal.
Well-suited for general office use, including accounting, travel, employment services, title companies, and similar professional users. Contact for additional details.
The property features five private offices, two bathrooms, a kitchen, conference room, waiting area, stand-alone signage, on-site parking, and additional side storage. The interior has been tastefully updated and offers strong curb appeal.
Well-suited for general office use, including accounting, travel, employment services, title companies, and similar professional users. Contact for additional details.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,496 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1976/2025
Price
$855,312 CAD
Price Per SF
$571.73 CAD
Cap Rate
6.08%
NOI
$52,003 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,496 SF
Building FAR
0.31
Lot Size
0.11 AC
Zoning
OIP - Office Institutional Professional
Parking
9 Spaces (6 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Storage Space
- Air Conditioning
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 21-31-16-14463-007-0010 | Improvements Assessment | $255,372 CAD |
| Land Assessment | $213,340 CAD | Total Assessment | $468,711 CAD |
Property Taxes
Parcel Number
21-31-16-14463-007-0010
Land Assessment
$213,340 CAD
Improvements Assessment
$255,372 CAD
Total Assessment
$468,711 CAD
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5500 Central Ave
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