Commercial property in Saint Petersburg, Florida 125.6 sq.m. № 1659113

Property description

This rare investment opportunity offers solid construction, prime location, and strong upside in the heart of St. Petersburg. Centrally located just minutes from downtown, waterfront parks, shopping, and award-winning Gulf beaches, 521 88th Ave N blends durability and location with serious investment potential. Built in 1973 with concrete block construction, this income-producing duplex features two separate 2-bedroom, 1-bathroom units, each offering central heat and air, private storage rooms with washer/dryer hookups, and individual electric and water meters, allowing tenants to pay their utilities. The back unit enjoys private alley access with its own dedicated parking space, offering additional convenience and flexibility. Several important upgrades are already in place, including a newer roof installed in 2017 and brand-new windows that have been fully paid for and are scheduled to be installed by mid-July 2025. Located on a quiet residential street yet close to downtown St. Pete’s vibrant restaurant scene, shopping, arts, waterfront parks, and both St.