735 49th Street North
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Overview / Comments
Broker: Ned Willis - NWillis@VectorRealty.com
Excellent investment/owner occupied opportunity to purchase a retail center on a high traffic corridor in St. Petersburg. Located just off the corner of 49th Street N and 9th Avenue N, this site has a traffic count greater than 17,000 vehicles per day.
Directly across the street from Save A Lot plaza which includes Dollar General and Subway. It is currently 100% leased and has been well maintained by the same owner for many years. Leases are below market rate which can be increased over time creating additional value.
Two leases totaling 2,430 SF expire this year and rent could be increased to create that additional value now. Expiring tenants want to stay or a owner/user could occupy a portion of the space. CCS-1 zoning allows for a wide variety of uses that include retail sales, personal/business uses, convenience stores, café, banks, restaurants, etc.
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