St. Pete Covered Land Play

This offering presents a covered land play situated on a 1.4-acre high-density commercial parcel at the signalized intersection of Central Avenue and 49th Street Offered at a 6% Cap Rate, the property features a 10,908-square-foot commercial building currently occupied by Family Dollar. The investment is de-risked by a NN lease generating $116,934 in stable, hands-off net operating income to carry costs. The initial lease term runs through 2029. With the new SunRunner transit overlay layered on top, this parcel carries long-term upside and its highest and best use points toward future development.