Crescent Lake Center

Offered at $4,361,325 | 4.12% Cap Rate | Single-Tenant NNN Lease

Exceptional opportunity to acquire a well-positioned retail bank property in a high-traffic commercial corridor of St. Petersburg, Florida, just minutes from I-275 and with convenient access to the Tampa, Clearwater, and Sarasota markets.

This 4,148 SF freestanding bank building sits on a 0.47-acre corner lot with 226 feet of frontage along 22nd Avenue, providing excellent visibility and accessibility. The property features Class B construction, a 2-story layout, and 20 dedicated parking spaces (5.41 spaces per 1,000 SF).

Built in 1974 and zoned CCT-2 (Corridor Commercial Traditional), the site offers long-term flexibility and stability for investors. The asset is leased to a single, creditworthy tenant under a NNN lease, generating a net operating income (NOI) of $179,687 annually, with minimal landlord responsibilities.

Property Highlights:

• Price: $4,361,325
• Cap Rate: 4.12%
• Building Size: 4,148 SF
• Lot Size: 0.47 Acres
• Price/SF: $1,051.43
• Tenancy: Single-tenant NNN
• Zoning: CCT-2 – Corridor Commercial Traditional
• Parking: 20 Spaces (5.41 per 1,000 SF)
• Frontage: 226’ on 22nd Ave
• Easy Access to I-275, Tampa, Clearwater & Sarasota

Ideal for passive investors seeking long-term income stability in one of Florida’s fastest-growing markets. This is a rare chance to own a high-performing, low-maintenance asset in a premium location.