$995,500
Showings by appointment only. RARE opportunity to acquire a turnkey, fully leased medical/wellness suite/ professional office, as an owner-user and/or investment property in one of St. Petersburg’s most desirable commercial corridors. This building generates approximately $140,500 in annual gross income with a projected NOI of $118,500 representing an attractive 11.9% cap rate. There are currently 6 individual tenants occupying 7 private suites. These figures are based on existing rents and typical operating expenses, with future upside potential as leases renew or new tenants are placed. For a more comprehensive understanding of the cap rate and NOI please reach out.
Ideally situated in a NON flood zone and NON evacuation zone X (no flood ins required) on the highly visible signalized corner of 49th Street N and 22nd Avenue N, this property offers outstanding visibility and benefiting from approximately 24,000± vehicles per day along the highly traveled 49th Street N corridor.
The thoughtfully designed floor plan features 7 private suites, 6 with plumbing, sinks, cabinetry, and countertops, making the property well suited for medical, dental, chiropractic, dermatology, aesthetics, med spa, massage therapy, counseling, wellness, beauty, or other professional office uses. The building also includes a welcoming reception and waiting area, two ADA-compliant restrooms, a break room with washer and dryer, a rear entrance, and a flexible retail or service suite.
Outdoor amenities include a covered front patio with stacked stone columns and a fenced rear patio, providing additional space for tenant use or future flexibility.
The property has been extensively updated and meticulously maintained with a new roof, hurricane impact windows, new doors, fresh interior and exterior stucco and paint, updated electrical outlets and lighting fixtures, plantation shutters on select front windows, partial fencing, professional landscaping with irrigation, and a recently re-coated and striped parking lot with 10 on-site parking spaces, including one ADA space.
This property presents an Exceptional and highly flexible owner-user opportunity for a medical, aesthetic, wellness, or professional office seeking to occupy a portion of the building while generating rental income from the remaining suites.
Owner and tenants currently occupy the property and operate by appointment only.
Real estate only is for sale. The individual businesses operating within the building are independently owned and are not included in the sale. The 2200 Suites trade name and branding are included along with several furnishings (inquire for a list).
Showings are strictly by appointment for qualified buyers. Please do not disturb tenants or visit the property without an appointment. Financials and rent roll available upon request.
TB8533337
MLS
2200 49th Street N, St Petersburg