Description
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 $116,000, representing an attractive 10.6% cap rate. The building is currently occupied by 10 individual tenants, operating on a mix of short-term and month-to-month leases.
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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
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1,472SQFT
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$744$/SQFT
School Ratings & Info
Description
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 $116,000, representing an attractive 10.6% cap rate. The building is currently occupied by 10 individual tenants, operating on a mix of short-term and month-to-month leases.
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