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1506 54th Ave N
Saint Petersburg, FL 33703 Allendale

$2,500,000 USD

Storefront Retail Office For Sale  •  6,960 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 6,960 SF
  • Lot Size 0.42 AC
  • Building Class C
  • Year Built 1957
  • Cap Rate 7.22 %
  • Tenancy Multiple
  • Zoning CCS-1
31 Transit Score
47 Walk Score

Highlights

Acquire Hillside Center, a fully renovated and 100% occupied retail/office strip center with strong upside potential at a 7.2% cap rate.
Coveted CCS-1 zoning allows a wide range of high-value commercial uses, including a restaurant conversion with a drive-thru addition.
Turnkey investment opportunity with a new roof, modernized HVAC systems, NNN lease potential, and exceptional tenant mix.
Exceptional St. Petersburg location between Interstate 275 and US Highway 92 with exposure to over 27,000 vehicles per day.

Financial Summary (Actual)

Net Operating Income: $181,335 USD (2026)
Cap Rate: 7.22 %
Total Expenses: $19,052 USD

Major Tenants

Tenant SF Occupied Lease End Date
Arms of Persephone
Bayview Barber Co.
Citrus Blossom
Heme On Call
Roaming Petal

Amenities

  • 24 Hour Access
  • Corner Lot
  • Fenced Lot
  • Freeway Visibility
  • Pylon Sign
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Drive Thru
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
St Pete-Clearwater International 19 min - 9.0 mi
Tampa International 26 min - 17.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Jim Blackmon 727-643-7713 Coldwell Banker Residential Brokerage
Jim Blackmon 727-643-7713 Coldwell Banker Residential Brokerage