St. Petersburg - Beach Property For Sale #5054572

Highly exposed mixed-use property, available for the first time since 1979, presenting a rare opportunity to acquire this highly desirable parcel located at a prime corner in the gateway to beautiful South Pasadena. This commercial property was built in 1951 and includes a detached single-family house that was built in 1962, and two attached commercial retail or office spaces, making it ideal for investment, owner occupation, adaptive reuse, or redevelopment. The recently renovated single-family house features spacious 2 bedrooms 2 full baths, approx. 1,300 square feet of living space and a generous living room, making it well-suited for conversion to commercial uses. Updates included in this home include a new kitchen, updated bathrooms, new hurricane impact windows, new backyard pavers, newly painted exterior & interior paint, new vinyl flooring throughout (with the original Terrazzo underneath), and a new roof in 2023. The commercial units feature a mansard roof with ample room for signage, and a prominent pylon sign stands at the corner of the parcel, maximizing visibility. The parking lot is configured to accommodate 10 parking spaces. Currently, the house is vacant, and the leases for the two commercial units are set to expire in September and October 2025, providing an opportunity to increase rents to market rate. Located at the intersection of Pasadena Ave S and Park St, the property benefits from high traffic counts of 34,000 and 42,500 (AADT), according to the Florida Department of Transportation. With an 85 WalkScore, the location is suburban but well-served by public transportation, including the new SunRunner premium bus rapid transit (BRT) service between downtown St. Petersburg and St. Pete Beach, with a station within a quarter mile. Additional nearby transit options include the Central Avenue Trolley and bus routes 14, 79, and 90. The Fred Marquis Pinellas Trail, popular for walking and cycling, is just a few blocks away. Both Tampa International and St. Pete-Clearwater International Airports are within a 30-minute drive, and access to I-275 is just 11 minutes away. Don't miss this exceptional opportunity to own a mixed-use property in a prime location.