Commercial property in Saint Petersburg, Florida 136.75 sq.m. № 2123583

Property description

Rare opportunity to acquire a fully leased boutique medical and aesthetic suite property with real estate in one of the most desirable corridors in St. Petersburg. This turnkey investment offers stable in-place income with significant upside potential, ideal for both investors and owner-users. The property generates approximately $150,000 in annual gross income with a projected NOI of $116,000, representing an attractive 10% cap rate. The building is currently occupied by 10 individual tenants, operating on a mix of short-term and month-to-month leases.