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$890,000
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Property Description
Low-Risk NNN Investment with Annual Growth | Prime St. Petersburg Commercial Property. Rare opportunity to acquire a Triple Net (NNN) leased commercial building in St. Petersburg, FL, fully leased to a well-established veterinary hospital. This 2,628 sq ft standalone property offers stable, hands-off income with the tenant responsible for rent, Half of the property taxes, insurance, utilities, operating expenses, and lawn maintenance-perfect for investors or 1031 exchange buyers. Key Investment Highlights "¢ Annual Rent Increases for consistent cash flow "¢ Lease Term: 5 years remaining with a 5-year renewal option "¢ Established Tenant: Thriving veterinary practice in operation | Prime Corner Location: 1st Ave S & 35th St, one block from US-19 / 34th St with high visibility and heavy traffic. | Upgrades & Maintenance: New roof, painted soffit/fascia (2024), $12,000 in tree removal and pruning | Property Features:11 Parking Spaces, including 2 ADA-compliant | Dedicated staff/doctor parking | Three driveways for easy access | Circular drop-off/pick-up area. Located in a high-traffic commercial corridor of St. Petersburg, this property benefits from excellent visibility, strong tenant stability, and long-term growth potential. A cash-flow-positive, low-risk investment in one of Florida's most vibrant commercial markets.
Full Property Details
Full Property Details for 3501 1st Ave S
General
- Sold For: $890,000
- Taxes: $8,822 (2024)
- Status: Closed
- Type: Business
- Source: MidFloridaRegionalMLS
- MLS ID: TB8362460
- Added to Site: 470 day(s) ago
Parking
- Parking Features: 13 to 18 Spaces
Location
- Area: 33711 - St Pete/Gulfport
- County: Pinellas
- Development Name: 33711 - St Pete/Gulfport
- Subdivision: WEST CENTRAL AVE SUB
- Driving Directions: Take US 19 (34th St) to 1st Ave N and head west. Turn south on 35th St N, then turn right in to the property parking lot just before 1st Ave S.
Community
- Community Name: 33711 - St Pete/Gulfport
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Capable, Public, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Block, Stucco
- Roof: Shingle
- Ceiling Type: Acoustical, Drywall
- Stories/Levels: One
- Square Feet: 2,628
- Sq. Ft. Source: Public Records
- Living Area: 2,628 Sq. Ft.
- Year Built: 1978
Lot Features
- Lot Size (Acres): 0.48
- Lot Size (Sq. Ft.): 20,826
- Lot Size: 20826
- Lot Dimensions: 140 x 150
- Frontage: Alley, City Street
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $8,822.1
- Tax Year: 2024
Disclosures and Reports
- Ownership: Other
- Special Conditions: None
- Legal Description: WEST CENTRAL AVE SUB BLK B PART REP BLK B, LOT 1
- Flood Zone Info: X
- APN: 223116962190020010
- Property ID: 223116962190020010
- Block/Lot/Section: B
Listed by Premier Sotheby's Intl Realty
Sold by Compass Florida Llc
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Schools
Schools serving 3501 1st Ave S
School District:Pinellas County School District
| Name | Grades | Distance |
|---|---|---|
Fairmount Park Elementary School 575 41st St S, St. Petersburg, FL 33711 | PK-5 | 0.7 mi |
Azalea Middle School 7855 22nd Ave N, St. Petersburg, FL 33710 | 6-8 | 4.3 mi |
Gibbs High School 850 34th St S, St. Petersburg, FL 33711 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3501 1st Ave S
Date
Details
Price
Change
Source
6/11/2026
Sold
$890,000
-10.91%
MLS
7/10/2025
Price Reduced
$999,000
-22.86%
MLS
3/18/2025
Listed
$1,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3501 1st Avenue S, Saint Petersburg, FL 33711 (MLS# TB8362460) is a Business property that was sold at $890,000 on June 11, 2026. Want to learn more about 3501 1st Avenue S? Do you have questions about finding other Business real estate for sale in Saint Petersburg? You can browse all Saint Petersburg real estate or contact a Coldwell Banker agent to request more information.

