• Grass Roots Kava - 957 Central Ave, Saint Petersburg, FL 33705

For Sale

Retail

For Sale

This property is available for sale
0.03
Acres
$1,500,000
Sale Price
  • Year Built
    1939
  • Total Building Size
    2,846 RSF
  • Overview

    Incredible investment property in the growing Edge District. Located in the heart of new construction and surrounded by many retail shops and restaurants. Terrific Investment Property in the Heart of the Edge District. The property is leased by local entrepreneurs who are doing an incredible business. The 1st floor is a wonderful retail Kava Bar and the second floor is used for local events and is leased out by different groups. At new market rates of a very conservative $30 PSF, the NOI will be in the 1st year $84,000. Approx. 24 months left on original lease. Renewals are at 93% of market value.

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Property Details

Incredible investment property in the growing Edge District. Located in the heart of new construction and surrounded by many retail shops and restaurants. Terrific Investment Property in the Heart of the Edge District. The property is leased by local entrepreneurs who are doing an incredible business. The 1st floor is a wonderful retail Kava Bar and the second floor is used for local events and is leased out by different groups. At new market rates of a very conservative $30 PSF, the NOI will be in the 1st year $84,000. Approx. 24 months left on original lease. Renewals are at 93% of market value.

  • Property Type
    Retail
  • Submarket
  • Year Built
    1939
  • Sale Price
    $1,500,000
  • Total Building Size
    2,846RSF
  • Total Acres
    0.03
  • Sale Status
    Available
  • Property ID
    1546601

Landlord's Sales Representatives

  • John Barkett, MAI
    Barkett Realty
     
  • Lisa Ulrich
    Barkett Realty