Investment Property with Strong Rental Income
Discover an exceptional investment opportunity in Downtown St. Petersburg, featuring a beautifully renovated building generating nearly $70 per square foot in rental rates for coworking-style spaces. This premier property seamlessly blends sophistication with practicality, making it a prime location for businesses or investors seeking high returns.
The property offers modern upgrades, including high-quality materials and contemporary design elements, ensuring an appealing environment for tenants. It features reliable power with a robust 400-amp 3-phase system and a 125,000 KW natural gas backup generator, ensuring uninterrupted operations. A new roof, installed in 2020, adds durability and peace of mind.
Designed to meet the needs of modern businesses, the building boasts advanced electrical systems, data wiring, and a versatile layout that accommodates three separate fire-rated areas. It also includes a code-compliant shaft for future elevator installation, offering flexibility for additional enhancements.
Strategically situated in the vibrant heart of Downtown St. Petersburg, this property provides convenient access to multiple parking options, enhancing accessibility for tenants and clients alike. Its prime location, surrounded by top attractions and a bustling community, ensures long-term appeal and steady rental income.
Whether you’re looking to expand your investment portfolio or secure a prime property for your business, this space offers the perfect combination of style, functionality, and profitability.