Courtesy of: Jenny Schmidt, SMITH & ASSOCIATES REAL ESTATE, jschmidt@smithandassociates.com
Courtesy of: Jenny Schmidt, SMITH & ASSOCIATES REAL ESTATE, jschmidt@smithandassociates.com
$1,550,000
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Lot: 0.20 Acres
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Business
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$1,550,000
2200 49TH STREET N Rare opportunity to acquire a fully leased boutique medical and aesthetic suite property with real estate in one of the most desirable corridors in St. Petersburg. This turnkey investment offers stable in-place income with significant upside potential, ideal for both investors and owner-users. The property generates approximately $150, 000 in annual gross income with a projected NOI of $114, 000, representing an attractive ~7% cap rate. The building is currently occupied by 10 individual tenants, operating on a mix of short-term and month-to-month leases.
Courtesy of: Jenny Schmidt, SMITH & ASSOCIATES REAL ESTATE, jschmidt@smithandassociates.com
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