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2 Medical Office Buildings | 4 Offices 1701 66th St N

6,604 SF 6% Leased Office Building Saint Petersburg, FL 33710 £1,564,118 (£237/SF) 4.10% Net Initial Yield

Investment Highlights

  • Over 1/2 Acre Lot
  • Non Flood Zone
  • 2 Separate Brick Buildings

Executive Summary

HIGH AND DRY! NO HURRICANE DAMAGE! Exceptional St Pete medical and professional office opportunity. This expansive property boasts 2 standalone, single-story medical and professional office buildings, perfectly positioned on a generous lot of over a 1/2 acre, totaling 6,220 square feet across 4 distinct medical offices. Multiple offices plumbed already for dentistry! Designed with the medical professional in mind, each building offers unparalleled facilities, ensuring a seamless operation for various medical and professional practices. The strategic location guarantees high traffic and unparalleled visibility, making it an ideal spot for any medical practice seeking to establish or expand its presence. With a total of 38 parking spaces, these buildings are equipped to handle high patient volumes efficiently. The exterior features combined with 25,000 AADT and prominent signage opportunities ensure your practice stands out in this bustling area. The interior spaces are thoughtfully designed to maximize functionality and comfort, providing ample room for patient consultations, administrative tasks, and specialized medical procedures. For investors, this property presents an attractive, income-producing opportunity with the added benefit of OWNER FINANCING options. Whether you're looking to expand your medical practice or invest in a lucrative commercial property, 1701-1799 66th Street North offers the perfect blend of location, space, and potential.

Attachments

New OM

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £165,498 £25.06
Other Income - -
Vacancy Loss - -
Effective Gross Income £165,498 £25.06
Taxes £25,032 £3.79
Operating Expenses £26,487 £4.01
Total Expenses £51,520 £7.80
Net Operating Income £113,978 £17.26

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £165,498
Annual Per SF £25.06
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £165,498
Annual Per SF £25.06
Taxes
Annual £25,032
Annual Per SF £3.79
Operating Expenses
Annual £26,487
Annual Per SF £4.01
Total Expenses
Annual £51,520
Annual Per SF £7.80
Net Operating Income
Annual £113,978
Annual Per SF £17.26

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
6,604 SF
Building Class
C
Year Built
1987
Price
£1,564,118
Price Per SF
£237
Net Initial Yield
4.10%
NOI
£64,170
Percent Leased
6%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
6,604 SF
Building FAR
0.29
Land Acres
0.52 AC
Zoning
1933 - Medical Office Building
Parking
38 Spaces (5.75 Spaces per 1,000 SF Leased)

Amenities

  • Bus Route
  • Conferencing Facility
  • Fenced Lot
  • Security System
  • Signage
  • Roof Lights
  • Kitchen
  • Accent Lighting
  • Reception
  • Storage Space
  • Central Heating
  • High Ceilings
  • Natural Light
  • Recessed Lighting
  • Secure Storage
  • Monument Signage
  • Air Conditioning
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-31-16-30240-010-0010
Land Assessment
£334,288 (2023)
Improvements Assessment
£330,795 (2023)
Total Assessment
£665,083 (2023)
Annual Taxes
£25,032 (£3.79/sf)
Tax Year
2024
  • Listing ID: 33166056

  • Date on Market: 13/09/2024

  • Last Updated:

  • Address: 1701 66th St N, Saint Petersburg, FL 33710

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