Retail Strip Center - FOR SALE4601 - 4619 4th Street North
St. Petersburg, FL 33703
For additional information, please contact: Wendy Giffin 727-599-3799
Value Add Opportunity
•NOI $103,587
•CAP Rate: 7.4%
•Current average rental rate:
$23.02/SF
•Market rental rate: $30-35/SF
NNN; creates opportunity to
increase NOI
•Opportunity to increase NOI by
transitioning leased SF of 4,500
SF to actual 4,608 SF
• 10.5% Cap Rate is achievable
Sale Price: $1,400,000
• Building Size: 4,608 SF
(5,144 gross)
• Land Size: 15,750 SF (0.36
acres)
• Zoning: CCS-1
• Flood Zone: X (AE-9)
• 6.5/1,000 parking
• Built in 1972
•Concrete block construction
•Currently one vacancy
(1,344 sf)
Amenities
• AADT 41,000
• Strong tenant mix of office &
retail uses
• Lease expirations over the next
five years
• Large pylon sign, grandfathered
in on 4th St.
• Plentiful Parking
•Good visibility from 4th Street
• In the strong retail area
between 38th and 54th Avenues
on 4th Street N
Investment Opportunity
4601 - 4619 4th Street N.ST. PETERSBURG, FL 33703
LOCATION
•Excellent location on the east side 4th Street N., a major N/S artery
•Situated between 38th Avenue N. and 54th
Avenue N., minutes to Downtown St. Petersburg
•Close to residential areas and many national and regional retailers; Publix, Bonefish, Starbucks, Fresh Kitchen, Red Mesa, Chic-Fil-A, PDQ, and many more
To Tampa
To Downtown
St. Petersburg
4th
Stre
et N
.
Proximity: 1 mile 3 miles 5 miles
Total Population: 18,565 118,660 244,163
Median Age: 44.22 44.17 41.77
Households: 8,838 55,178 108,336
Demographic Statistics
Wendy Giffin
Director
+1 727 599 3799
200 Central, Suite 2100
St. Petersburg, FL 33704
cushmanwakefield.com
4601 - 4619 4th Street N.ST. PETERSBURG, FL 33703