Covered Land Play - Downtown St Pete Suburb 1600 Dr Martin Luther King Jr St N Bureau 410 m² À vendre Saint Petersburg, FL 33704 2 781 765 € (6 788,18 €/m²) Taux de capitalisation 7,49 %

CBRE is pleased to present for sale a covered land play currently leased by a women’s medical care office in one of the hottest markets in Florida - St. Petersburg, Pinellas County, within the Tampa Bay MSA, and after being acquired by a larger group will be relocating a different building to consolidate offices, which presents an opportunity for second generation medical space or redevelopment. The existing lease has about two years remaining on the base term providing ample time for planning a redevelopment on the 0.63 acre frontage on Dr. Martin Luther King, Jr. Street N. Additionally, the building can be delivered for occupancy as early as May, 2025 through a sub-lease or in negotiations with a user who intends to occupy the building themselves.
The 4,411 SF asset received an infusion of $375,000 for capital improvements in 2018, and is located outside of a flood zone. More than 18,500 cars pass this location each day (ADT), providing excellent exposure and easy access via a full-access curb cut, allowing left-in, left-out access at the main road.