Mixed-Use Quadruplex (4 Units) | 4180 Central Ave
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Mixed-Use Quadruplex (4 Units) 4180 Central Ave
2,700 SF 100% Leased Office Building Saint Petersburg, FL 33711 £723,766 (£268/SF) 6.30% Net Initial Yield
Investment Highlights
- Corner Lot
- Income Generating
- Mixed-Use (Office & Residential)
- Remodeled in 2023
Executive Summary
FULLY LEASED INCOME PROPERTY ON CENTRAL AVENUE.
MIXED-USE. ZONED RESIDENTIAL & COMMERCIAL.
St Pete is booming! Embrace the opportunity to own this fully leased income property on Central Avenue in St. Petersburg, Florida. This exceptional property boasts CRT-1 mixed-use zoning, catering to various businesses. Situated on a prime corner location, it enjoys outstanding exposure with a remarkable daily traffic count of 15,000+ cars per day.
This well-constructed quadruplex offers two residential units currently leased month-month, along with two commercial units on longer leases. With five parking spaces, you can accommodate your tenants and their customers. The 50 feet of frontage on Central Avenue ensures excellent visibility for your business, allowing you to capture maximum attention.
Recently renovated in 2023, this property boasts upgraded electrical, plumbing, drywall, insulation, HVAC, kitchen, bathrooms, stucco, exterior paint, furniture, billboard, stairs, railings, landscaping, and flooring, providing a modern and attractive setting for your tenants and customers.
Maximize your investment by leveraging the steady income the fully leased residential and commercial units generate. Seize this unique opportunity to invest in the flourishing Central Avenue area.
MIXED-USE. ZONED RESIDENTIAL & COMMERCIAL.
St Pete is booming! Embrace the opportunity to own this fully leased income property on Central Avenue in St. Petersburg, Florida. This exceptional property boasts CRT-1 mixed-use zoning, catering to various businesses. Situated on a prime corner location, it enjoys outstanding exposure with a remarkable daily traffic count of 15,000+ cars per day.
This well-constructed quadruplex offers two residential units currently leased month-month, along with two commercial units on longer leases. With five parking spaces, you can accommodate your tenants and their customers. The 50 feet of frontage on Central Avenue ensures excellent visibility for your business, allowing you to capture maximum attention.
Recently renovated in 2023, this property boasts upgraded electrical, plumbing, drywall, insulation, HVAC, kitchen, bathrooms, stucco, exterior paint, furniture, billboard, stairs, railings, landscaping, and flooring, providing a modern and attractive setting for your tenants and customers.
Maximize your investment by leveraging the steady income the fully leased residential and commercial units generate. Seize this unique opportunity to invest in the flourishing Central Avenue area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,700 SF
Building Class
B
Year Built
1950
Price
£723,766
Price Per SF
£268
Net Initial Yield
6.30%
NOI
£45,617
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
500 SF
Building FAR
0.56
Lot Size
0.11 AC
Zoning
CRT1 - CRT-1 (mixed-use)
Residential/Commercial
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PROPERTY TAXES
| Parcel Number | 21-31-16-35244-006-0080 | Improvements Assessment | £159,398 |
| Land Assessment | £134,021 | Total Assessment | £293,419 |
PROPERTY TAXES
Parcel Number
21-31-16-35244-006-0080
Land Assessment
£134,021
Improvements Assessment
£159,398
Total Assessment
£293,419
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Mixed-Use Quadruplex (4 Units) | 4180 Central Ave
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