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Excellent Value-Add or Redevelopment Opportunity

 

  • Valued-Add office opportunity Pinellas County, Florida
  • Site contains a 69,987 square foot 5-story building and 2-story 3,081 square foot annex building
  • A change in ownership provides the opportunity to reposition the buildings and take advantage of improving market fundamentals
  • Highly desirable and visible corner site presents an alternative strategy of retail re-development

 

Tours: Tuesday 10/9 and 10/16 between 10:00am-1:00pm. Contact Judy Healey to schedule a time

 

Ciminelli Real Estate Services is pleased to present this opportunity to acquire Tyrone Crossing, a two building office complex located in St. Petersburg, Florida.  The subject property consists of two Class C office buildings constructed in 1981.  The primary 5-story building contains 72,078 square feet, and a secondary “annex building” contains 3,081 square feet.  The asset sits on a 3.96 acre site with 260 parking spaces.  There is very little competing office space in the immediate vicinity, and new ownership provides the opportunity to reposition the property take advantage of improving market fundamentals for office and medical office use.

The property sits adjacent to a new Publix, just SE of Tyrone Square Mall (a four anchor Class B Simon owned mall).  The immediate area is more retail and residential in nature than it is office.  The site is highly visible from the highly trafficked 66th Street North (approximately 42,000 cars per day).  This corner site would be ideal for a retail redevelopment scenario.

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Tyrone Crossing

1700 66th Street N, Saint Petersburg, FL 33710

Sold Subject To

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Office Type
  • Suburban Office
  • Property Size
  • 72,079 Sq Ft
  • Land Area
  • 3.96 Acres
  • Year Built
  • 1981
  • Number of Floors
  • 5
  • Number of Buildings
  • 2
  • Parking Count
  • 260
  • Occupancy
  • 26.46%
  • Occupancy as of
  • Aug 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lamar P. Fisher

      Fisher Auction Company Inc.

      License: #AU93

      Fisher Auction Co: AB106