St. Petersburg, Florida, is an attractive destination for investors seeking to capitalize on the city's growing economy and desirable location. With 32 commercial land listings available for sale, St. Petersburg offers a range of opportunities for businesses and developers. Commercial land in St. Petersburg can represent a variety of investments, from retail and office spaces to industrial and mixed-use developments. The city's strategic location on the Pinellas peninsula, between Tampa Bay and the Gulf of Mexico, provides easy access to major transportation hubs, including the Sunshine Skyway Bridge and Tampa International Airport. St. Petersburg's strong infrastructure, including utilities provided by Duke Energy and the city's water services, supports a range of businesses and industries. The city's amenities, such as St. Anthony's Hospital, Northshore Aquatic Complex, and Fort De Soto Park, also contribute to its appeal. Additionally, St. Petersburg is home to notable companies like Jabil Inc. and Raymond James Financial, making it an attractive location for businesses and entrepreneurs. The city's rich history, cultural attractions, and outdoor recreational opportunities, including the St. Petersburg Pier and Tropicana Field, make it an ideal place for both business and travel.
St. Petersburg's commercial land market offers a unique blend of opportunities, with properties ranging in size from 19,915 square feet to 54,264 square feet. The average price per square foot for commercial land in St. Petersburg is $299 USD, and the average cap rate is 6.8%. In addition to commercial land, St. Petersburg also offers a range of other property types, including office spaces, retail properties, and industrial facilities. The city's office market is characterized by a mix of high-rise buildings and smaller, more boutique-style offices, while its retail sector features a range of shopping centers and boutiques. Industrial properties in St. Petersburg are often located near major transportation hubs, providing easy access to markets and suppliers. With its strong economy, desirable location, and range of property types, St. Petersburg is an attractive destination for investors and businesses alike.
What are common commercial uses for land in the St. Petersburg market?
Commercial land in St. Petersburg is often utilized for a variety of purposes, including retail developments, office spaces, and healthcare facilities, given the city's strong presence of industries such as retail, professional services, and healthcare. Additionally, the land may be used for hospitality and entertainment ventures, taking advantage of the city's tourist attractions and proximity to the Gulf of Mexico.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in St. Petersburg, there are several common ways to do so. For instance, investors can buy land directly from a seller, work with a real estate agent or broker, or explore online marketplaces like LoopNet, where you can find a wide range of commercial land listings, including 32 available listings in St. Petersburg, with an average price per square foot of $299 USD and an average size of 19,915 square feet.
If you're new to buying land, it's essential to do your research and understand the process, which is why we recommend checking out our guide on how to buy land, where you'll find valuable insights and tips to help you make an informed decision. Whether you're looking to develop a new project or invest in land for future use, St. Petersburg offers a range of opportunities, with its strong economy, growing population, and desirable location.
