ST. PETERSBURG, Fla. (August 1, 2022) – Bridgewater Commercial Real Estate’s Kris Dumke and Dee Maret had a busy stretch in late July.
The duo announces the sale of 3 closings between July 22and August 1:
4260 49th Street N, St. Petersburg: A corner 0.21-acre lot with easy access and an average traffic count of 30,559 daily, previously was a plant nursery and was sold vacant to a local real estate investor for $376,000. It closed on July 22.
3848 Central Ave., St. Petersburg: A free-standing 1,788 SF office building was sold vacant to another office user for $557,250 or $312 per square foot – more than the $549,000 asking price. It sold on July 29. This transaction is the second office building this team sold along this corridor for more than $300 per square foot this year. On May 23, 5156 Central Ave., which totaled 1,591 square feet, sold for $599,000 – a record-shattering $376 per square foot.
3711 16th Street N, St. Petersburg: A unique value add mixed-use property in popular Magnolia Heights sold to a local investor for $680,000 and included a convenience store and two apartment units all on one parcel. It sold on August 1.
“We’ve been very active this summer in the under $1-million free standing properties near downtown St. Pete. Frankly, in a couple of cases, we’ve been able to get things under contract before we’ve even had time to post our signs,” Bridgewater’s Managing Broker Kris Dumke said.