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Kathy Rodriguez

sistersbyidm@gmail.com +1(407) 860-7657

$ 1,990,000

Est. payment | -/mo

9,603 SqFt

Save Virtual Tour

$ 1,990,000

Est. payment | -/mo

Save Virtual Tour

9,603 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,603 sqft

Price per Sqft $207

Subdivision Treasure Island City Of

MLS Listing ID TB8567209

Construction Status Under Renovation

HOA Y/N No

Year Built 1959

Annual Tax Amount $19,670

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions 99x134

Property Sub-Type Mixed Use

Source Stellar MLS

Property Description

Short Sale. RARE TREASURE ISLAND COMMERCIAL INVESTMENT OPPORTUNITY! Over 10,000 square feet of commercial space offering established rental income, flexible C-2 zoning, and tremendous value-add potential! This versatile two-story property is ideal for investors, business owners, or those looking to expand their commercial portfolio. The second floor features 8 fully leased professional office suites generating approximately $6,159 per month ($73,908 annually) in existing rental income. The approximately 5,000-square-foot ground floor offers significant opportunity for additional revenue, including 900 square feet of finished, currently vacant space ready for a new tenant. The remaining approximately 4,100 square feet features existing metal stud framing and can be customized for a variety of potential uses, including medical, dental, veterinary, professional offices, or other commercial operations. C-2 zoning provides flexibility for office, retail, restaurant, and other commercial uses, subject to applicable approvals. MAJOR RECENT IMPROVEMENTS include a NEW ROOF installed January 2025 with transferable warranty, NEW hurricane-resistant windows and doors, NEW water and sewer lines replacing previous cast-iron piping, electrical upgrades, and durable DensGlass exterior sheathing. Additional highlights include 29 parking spaces, convenient front and rear alley access, and an approximately 99' x 134' lot. Whether you're looking to maintain the existing rental income, increase cash flow by leasing additional space, establish your own business while collecting rent, or explore future redevelopment possibilities, this property offers multiple investment strategies in desirable Treasure Island! Seller will also consider leasing the unfinished ground-floor space with negotiable terms. SHORT SALE – All offers, purchase price, terms, and final sale are subject to the seller's lender approval. Approval is not guaranteed. DRIVE-BY ONLY. SHOWINGS BY APPOINTMENT.

Location

State FL

County Pinellas

Community Treasure Island City Of

Area 33706 - Pass A Grille Bch/St Pete Bch/Treasure Isl

Zoning COMM

Direction E

Interior

Heating Central, Ductless

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Terrazzo

Exterior

Utilities Available Electricity Available, Public

View Y/N No

Water Access No

Roof Type Shingle

Exposure West

Building

Lot Description Central Business District, Corner Lot, Flood Insurance Required, FloodZone, City Limits, Infrastructure In, Street Lights, Paved

Story 2

Entry Level Two

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Level or Stories Two

Structure Type Block,Concrete

New Construction false

Construction Status Under Renovation

Others

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Short Sale

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8567209

Listed by Skip Cole, Jr CENTURY 21 JIM WHITE & ASSOC

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(407) 860-7657

sistersbyidm@gmail.com

49503 Hwy 27 Suite B, Davenport, Fl 33897

10625 1ST ST E Treasure Island, FL 33706

Kathy Rodriguez

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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10625 1ST ST E