Shopping Centers in St. Petersburg, Florida, offer a unique investment opportunity for those looking to capitalize on the city's growing economy. With a population of approximately 260,000, St. Petersburg is a prime location for businesses to thrive. Shopping Centers, in particular, represent a diverse range of investments, from strip centers and community centers to power centers and regional malls. These properties often feature a mix of local and national tenants, providing a stable source of income for investors. St. Petersburg's strong infrastructure, including the Sunshine Skyway Bridge and Gandy Bridge, makes it an attractive location for businesses and residents alike. The city's amenities, such as St. Anthony's Hospital and the Northshore Aquatic Complex, also contribute to its desirability. Additionally, St. Petersburg is home to institutions like the University of South Florida St. Petersburg and Eckerd College, which attract students and faculty from around the country. The city's arts scene, featuring events like the Mainsail Art Festival and the SHINE St. Pete Mural Festival, adds to its cultural appeal. Overall, St. Petersburg is an excellent place to invest in a Shopping Center, with its unique blend of business, education, and entertainment opportunities.
St. Petersburg is home to 2 Shopping Centers for sale, offering investors a range of options to choose from. These properties vary in size, with an average size of 26,004 square feet and a largest size of 28,752 square feet. The average price per square foot for Shopping Centers in St. Petersburg is $204 USD, with an average cap rate of 5.5%. In addition to Shopping Centers, St. Petersburg also offers other investment opportunities, such as Restaurants, Specialty Properties, Land, and Office Properties. For example, the city's restaurants, like the ones in the Grand Central District, offer a unique dining experience, while its Specialty Properties, like the Salvador Dalí Museum, attract tourists and locals alike. The city's Land and Office Properties, such as those in the Gateway area, provide opportunities for development and business growth. Overall, St. Petersburg's diverse range of properties makes it an attractive location for investors.
What is the average cap rate for shopping centers in St. Petersburg?
The average cap rate for shopping centers in St. Petersburg is 5.5%, making it an attractive investment opportunity for those looking to capitalize on the city's strong retail sector, which is supported by a population of around 260,000 and a diverse range of local amenities, including the St. Petersburg Pier, Tropicana Field, and various outdoor festivals throughout the year.
