About 3501 1st Avenue S
Low-Risk Investment with Annual Growth | Prime St. Petersburg Location . . . Rare opportunity to own a Triple Net (NNN) leased commercial building in the heart of St. Petersburg—an ideal addition to any investment portfolio, especially for hands-off investors or those pursuing a 1031 Exchange. . . This 2,628 square-foot standalone building is fully leased to a well-established veterinary hospital. The long-term tenant is responsible for rent, 50% of annual property taxes, insurance, all operating expenses, utilities, and lawn maintenance —offering a reliable and low-maintenance income stream. . . INVESTMENT HIGHLIGHTS: Annual 3% Rental Increases: Consistent cash flow with built-in growth – LEASE TERM: 5 years remaining with a 5-year renewal option - TENANT: Thriving veterinary hospital in operation – PRIME CORNER LOCATION: 1st Avenue S & 35th Street—just one block from US-19/34th Street, ensuring visibility and high traffic volume – UPGRADES & MAINTANENCE: New roof, painted soffit/fascia (2024), and $12,000 in elective tree removal and pruning—reflecting proactive care. . . PROPERTY FEATURES: 11 Parking Spaces (including 2 ADA-compliant) + dedicated staff/doctor parking. . . Three convenient driveways for easy ingress/egress. . . Circular drop-off and pick-up area at front entrance. . . Surrounded by established businesses and accessible via major routes, this location benefits from consistent foot and vehicle traffic, increasing both tenant stability and long-term property value. With its low-risk profile and growing returns, this is a rare chance to secure a cash-flow-positive asset in one of St. Pete’s most vibrant commercial corridors.
Features of 3501 1st Avenue S
| MLS® # | TB8373879 |
|---|---|
| Price | $999,000 |
| Square Footage | 2,628 |
| Acres | 0.48 |
| Year Built | 1978 |
| Type | Business Opportunity |
| Sub-Type | Business |
| Status | Active |
Listing Details
| Office | PREMIER SOTHEBY'S INTL REALTY |
|---|
Listing Map
Neighborhood Information for 3501 1st Avenue S
Moderate Residential Turnover, Coastal Area, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
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Fairmount Park Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
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Pinellas Technical College - St Petersburg Public - to |
1 Miles | |
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Gibbs High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
Douglas L. Jamerson Jr. Elementary Public - Preschool to 5Th Grade |
1 Miles | |
|
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St. Petersburg High School Public - 9Th Grade to 12Th Grade |
1 Miles | |
|
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Young Achievers Learning Center Private - Preschool to 5Th Grade |
1 Miles | |
|
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Elim Junior Academy & Child Development Center Private - Preschool to 8Th Grade - Closest Middle School |
1 Miles |
School data provided by GreatSchools