Retail•Strip Center•For Sale

ROYAL POINCIANA PLAZA

1201 4th Street South, Saint Petersburg, Florida 33701

Sale Price $1,250,000
Sale Type Investment
Year Built 1957
Year Renovated 2019
Gross Bldg 10,172 SqFt
Land Area .55 Acres
Off Market Strip Center Scarcity * ROYAL POINCIANA PLAZA Come and Get It > Super Rare Strip Center for Sale on 4th Street South > There is only One Strip Center on all of 4th Street South - It is yours to own. Our Off-Market Offering is for a Strip Center Plaza on 4th Street South. The Property consists of 10,172 sf of building and over 1/2 acre of land. The floorplan shows 6 retail units plus an 2 legal apartments. It appears the plaza could be divided into 9 retail units. Current Gross is $104k. Current NOI is $90k. Rents are well under market in our opinion. A value add buyer could expect to restabilize at an estimated $13-14 NNN as opposed to the average $10 gross in place. Most leases are month to month. A couple are 1 year. And one is 2 years. Contact us for a rent roll. Restabilization can happen rather quickly to achieve an estimated $130-140k NOI. The locale is stellar - surround by the Innovation District, Hospital compounds and the new University complexes, plus the proposed Salt Creek Development. The area also has a new Dunkin, Taco Bell, renovated McDonalds and Wendy's. This Site is also prime for future development with the remarkable .55 acre 4th Street footprint. Consider Contacting JonnY RenO La Budde 727-510-1921 / LaBuddeReno@aol.com Location Description: Location Supremacy - the Site is located on 4th Street South on the 1200 block at 1201, between 11th Avenue South and 13th Avenue South on the west side. The 4th Street corridor runs the full length of the city from Gandy to Pinellas Point. This street is considered the #1 Commercial Corridor in the county. The address is unequal being only 1 minute to the Innovation District, Marina District, Bayfront Hospital, All Children's and USF. The site is only 2 minutes to Downtown St Pete, the Interstate, and the Waterfront. Location Description: Location Supremacy - the Site is located on 4th Street South on the 1200 block at 1201, between 11th Avenue South and 13th Avenue South on the west side. The 4th Street corridor runs the full length of the city from Gandy to Pinellas Point. This street is considered the #1 Commercial Corridor in the county. The address is unequal being only 1 minute to the Innovation District, Marina District, Bayfront Hospital, All Children's and USF. The site is only 2 minutes to Downtown St Pete, the Interstate, and the Waterfront.
  • Off Market Strip Center
  • Florida Opportunity
  • Tampa Bay Metro
  • St Petersburg Market
  • 4th Street Address
  • 10,000 sf Building
  • 1/2 Acre of Land
  • Innovation District
  • Marina District
  • #1 Commercial Corridor
2/17/2020 11:22:26 PM 2/17/2020 11:22:26 PM
JonnY RenO La Budde
Licensed Agent
St. Petersburg
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