$699,900

Description

1152 62nd Avenue South is a 2,528-square-foot medical office building constructed of concrete block and stucco, situated on approximately 0.23 acres in south St. Petersburg. The property benefits from approximately 90 feet of frontage along 62nd Avenue South, strong street visibility, Flood Zone X designation, a roof replaced in 2016, and 12 on-site parking spaces, equating to approximately 4.75 spaces per 1,000 square feet of building area. Localized traffic counts are approximately 6,800 AADT. Purpose-built for healthcare, the building remains fully configured with 9 exam rooms, 1 dedicated lab room, a staff break room, and 3 restrooms. The existing layout is particularly well suited for physician practices, dental users, diagnostic or clinical laboratory operations, and related outpatient medical services seeking an established facility rather than undertaking a costly ground-up buildout or office conversion. The surrounding demographics reinforce that medical-use thesis. Within a 15-minute drive, the property reaches approximately 149,792 residents, with nearly 25% of the population age 65 or older. Annual healthcare expenditures within the same trade area total approximately $555.6 million, including approximately $91.3 million in Medicare payments, $38.1 million in dental expenditures, and meaningful spending across diagnostic, eyecare, hearing, and senior-care categories. The result is an established, Medicare-weighted patient base that aligns particularly well with primary care, specialty physician services, dentistry, laboratory services, and other outpatient healthcare uses. The property also offers operational flexibility. A single medical or dental practice can occupy the entire building, while three separate exterior entrances create the potential for an owner-user to occupy a portion and lease excess space or for an investor to explore a multi-suite medical configuration. The location provides convenient access to established south Pinellas neighborhoods including Lakewood Estates, Bay Vista, Pinellas Point, and Lake Vista. Approximately eight blocks north, 54th Avenue South provides direct access to Interstate 275 at Exit 17, connecting the property north toward downtown St. Petersburg and Tampa and south across the Sunshine Skyway into Manatee and Sarasota counties. 1152 62nd Avenue South is positioned among established south St. Petersburg neighborhoods including Lakewood Estates, Bay Vista, Pinellas Point and Lake Vista, providing convenient access to a substantial residential base immediately surrounding the property. The Esri Tapestry map also shows a mix of established household and mature/retirement-oriented segments throughout the broader trade area.