The 9,000-square-foot, two-tenant property sold for $238 per square foot
St. Petersburg, Fla. (Dec. 13, 2016) – Colliers International Tampa Bay has handled the sale of a 9,000-square-foot retail property prominently located in St. Petersburg’s popular Fourth Street corridor. The two-tenant property sold for $2.15 million, or $238 per square foot.
Ron Schultz, Director of Retail Investment Services with Colliers International Tampa Bay, represented the seller in the transaction, WestCoast Billiards, LLC. The buyer is PV Bayscot, LLC.
Built in the 1980s, the property formerly housed a locally owned and operated billiards hall. In 2000, it was renovated under new ownership and marketed as a retail property. The two retail spaces in the building are 6,100 square feet and 2,900 square feet.
“The Fourth Street retail corridor is a hot submarket of St. Petersburg and property in this area is in high demand,” said Colliers’ Schultz. “This property sold for a higher price per square foot than comparable retail properties because of its great location and favorable position within the submarket.”
The property is located at 6801 Fourth St. N.
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