Contacts

European Equities
Property Details
- Property Type Retail
- Year Built 1974
- Date Updated Jun 2, 2025
Offered at $4,361,325 | 4.12% Cap Rate | Single-Tenant NNN Lease
Exceptional opportunity to acquire a well-positioned retail bank property in a high-traffic commercial corridor of St. Petersburg, Florida, just minutes from I-275 and with convenient access to the Tampa, Clearwater, and Sarasota markets.
This 4,148 SF freestanding bank building sits on a 0.47-acre corner lot with 226 feet of frontage along 22nd Avenue, providing excellent visibility and accessibility. The property features Class B construction, a 2-story layout, and 20 dedicated parking spaces (5.41 spaces per 1,000 SF).
Built in 1974 and zoned CCT-2 (Corridor Commercial Traditional), the site offers long-term flexibility and stability for investors. The asset is leased to a single, creditworthy tenant under a NNN lease, generating a net operating income (NOI) of $179,687 annually, with minimal landlord responsibilities.
Property Highlights:
- Price: $4,361,325
- Cap Rate: 4.12%
- Building Size: 4,148 SF
- Lot Size: 0.47 Acres
- Price/SF: $1,051.43
- Tenancy: Single-tenant NNN
- Zoning: CCT-2 – Corridor Commercial Traditional
- Parking: 20 Spaces (5.41 per 1,000 SF)
- Frontage: 226’ on 22nd Ave
- Easy Access to I-275, Tampa, Clearwater & Sarasota
Ideal for passive investors seeking long-term income stability in one of Florida’s fastest-growing markets. This is a rare chance to own a high-performing, low-maintenance asset in a premium location.
Reach out to the broker for more info on lease terms and amenities
Highlights
- NNN Investment Opportunity
- 5% cap rate
- 5 year term with escalations
- Signalized Intersection
- Drive Thru
Getting around
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Walk Score ®
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Transit Score ®
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Bike Score ®
Location
- City St. Petersburg, FL
- Neighborhood Crescent Lake
- Zip Code 33704
- Market Tampa St Petersburg Clearwater
Points of Interest
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Rally
0.04 miles
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Mobil
0.25 miles
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BP
0.38 miles
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7-Eleven
0.49 miles
-
Shell
0.50 miles
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Suhani
0.53 miles
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ChargePoint
0.61 miles
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Tiger Mart
0.71 miles
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Citgo
0.82 miles
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Exxon
0.83 miles
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Jackson Street Parking Garage
1.15 miles
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7th Avenue Parking Garage
1.18 miles
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22nd Avenue Park & Ride
1.26 miles
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Sundial Parking Garage
1.36 miles
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Municipal Services Center Parking Facility
1.41 miles
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McNulty Parking
1.54 miles
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SP+
1.58 miles
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Lot 8
1.66 miles
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Lot 6
1.71 miles
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Lot 5
1.77 miles
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Athenian Garden
0.05 miles
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The Melting Pot
0.07 miles
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Carrabba's Italian Grill
0.11 miles
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Panera Bread
0.13 miles
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Papa John's
0.14 miles
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Outback Steakhouse
0.14 miles
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Jersey Mike's Subs
0.22 miles
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Evos
0.32 miles
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DeNunzio's Pizza
0.36 miles
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Casita Taqueria
0.37 miles
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Trader Joe's
0.39 miles
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The Fresh Market
0.49 miles
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Fitlife Foods
0.56 miles
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GFS Marketplace
0.62 miles
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Rollin Oats Market
0.67 miles
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Winn-Dixie
0.84 miles
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Save-A-Lot
0.94 miles
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Publix
0.98 miles
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Dollar Store
1.06 miles
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Bodhi Basics
1.31 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

European Equities