Industrial Properties in St. Petersburg, Florida, offer a unique investment opportunity for those looking to capitalize on the city's strong economy and strategic location. As a hub for healthcare, retail, and professional services, St. Petersburg provides an ideal environment for industrial properties to flourish. These properties can represent a range of investments, from warehouses and distribution centers to manufacturing facilities and research and development spaces. With its proximity to major transportation hubs, including the Sunshine Skyway Bridge, Gandy Bridge, and Tampa International Airport, St. Petersburg is an attractive location for businesses that rely on efficient logistics. The city's amenities, such as St. Anthony's Hospital, Northshore Aquatic Complex, and Fort De Soto Park, also make it an appealing place to live and work. Additionally, St. Petersburg is home to several institutions of higher education, including the University of South Florida St. Petersburg and Eckerd College, which provide a skilled workforce and opportunities for collaboration. With its rich history, cultural attractions, and outdoor recreational activities, St. Petersburg is a great place for business and travel, with attractions like the St. Petersburg Pier, Tropicana Field, and the Salvador Dalà Museum drawing in visitors from around the world.
St. Petersburg's industrial properties are situated in a prime location, with easy access to major highways, airports, and seaports. The city's economy is driven by healthcare, retail, and professional services, making it an ideal location for industrial properties that support these industries. In addition to industrial properties, St. Petersburg is also home to a range of other property types, including warehouses, land, apartment buildings, and commercial real estate. Warehouses in St. Petersburg offer flexible spaces for storage, distribution, and manufacturing, while land properties provide opportunities for development and growth. Apartment buildings in St. Petersburg cater to the city's growing population, with many units offering stunning views of Tampa Bay. Commercial real estate in St. Petersburg includes office spaces, retail centers, and restaurants, which support the city's thriving business community. With 40 industrial properties for sale in St. Petersburg, there are many opportunities to invest in this thriving city. Overall, St. Petersburg's industrial properties offer a unique combination of location, amenities, and economic opportunities, making them an attractive investment option for those looking to capitalize on the city's growth.
What is the average price per square foot for industrial properties in St. Petersburg?
The average price per square foot for industrial properties in St. Petersburg is $299 USD per square foot, with 40 available listings ranging in size from 20,817 square feet to 124,000 square feet, and an average cap rate of 7.08%.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in St. Petersburg, as proximity to major transportation hubs, highways, and amenities can increase property values and attract businesses.
- Industrial properties near the Sunshine Skyway Bridge, Gandy Bridge, and Interstates 175 and 375 tend to have higher values due to easy access to Tampa, Bradenton, and other surrounding cities.
- Properties close to the Port of St. Petersburg, Tampa International Airport (TPA), and St. Petersburg-Clearwater International Airport (PIE) are also in high demand, as they offer convenient transportation options for goods and services.
- Additionally, industrial properties with proximity to amenities like the St. Petersburg Pier, downtown area, and major employers in the Gateway area can command higher prices due to their desirability and accessibility.
