Park and Pasadena Mixed Use — Sale in South Pasadena, FL

  • Price: $1.1M
  • Listing type: For sale
  • Asset type: Office
  • Location: South Pasadena, FL 33707
  • Size: 3,305 SF
  • Year built: 1951

Investment Figures

Price per square foot
$333
Price per unit
$366,333 across 3 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Highly visible mixed-use property, available for the first time since 1979, presenting a rare opportunity to acquire this highly desirable parcel located at a prime corner at the gateway to beautiful South Pasadena. This property includes a single-family house that was built in 1962, and two attached commercial retail or office spaces built in 1951, making it ideal for investment, owner occupation, adaptive reuse, or redevelopment. The recently renovated single-family house features 2 spacious bedrooms, 2 full baths, approx. 1,300 square feet of living space and a generous living room; making it well-suited for conversion to commercial uses such as a professional office or medical practice. Updates featured in this home include a new kitchen, updated bathrooms, new hurricane impact windows, new backyard pavers, newly painted exterior & interior paint, new vinyl flooring throughout (with the original Terrazzo underneath), and a new roof in 2023. The commercial units feature a mansard roof with ample room for signage, and a prominent pylon sign stands at the corner of the parcel, maximizing visibility. The parking lot is configured to accommodate 10 parking spaces. Currently, the house is vacant, and the leases for the two commercial units are set to expire in September and October 2025, providing an opportunity to occupy the space, or bring rents up to market rate. Located at the intersection of Pasadena Ave S and Park St, the property benefits from high traffic counts of 34,000 and 42,500 (AADT), according to the Florida Department of Transportation. Boasting an 85 WalkScore, the location is suburban but is also well-served by public transportation, including the new SunRunner premium bus rapid transit (BRT) service between downtown St. Petersburg and St. Pete Beach, with a station within a quarter mile. Additional nearby transit options include the Central Avenue Trolley and bus routes 14, 79, and 90. The Fred Marquis Pinellas Trail, popular for walking and cycling

Market Context

This office in South Pasadena, FL is listed for sale at $1,099,000 across 3,305 SF ($333/SF). The building dates to 1951. It has been on the market for 71 days. Compare it against other office listings for sale in South Pasadena, FL — view the full market.

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