Chances are, if you’ve lived in St. Petersburg for a while and purchased any type of real estate, then you’ve attended a closing at 5721 Fourth St. N. Owner Cathy Anderson, who purchased the building 42 years ago, estimates overseeing approximately 70,544 transactions if we’re actually counting. Now, for the first time since 1978, this well-located meticulously maintained office building is for lease.
This Fourth Street property not only has location working in its favor, but it also checks off the rest of the necessary boxes. Ample parking. Check. Illuminated monument signage. Check. Easy ingress and egress on a hard corner. Check. And that’s just the exterior features. The 2,388-square-foot office has a remodeled entrance/reception area, three well-appointed conference rooms, a copy/administrative area, a kitchen, and two open-concept office areas that can easily accommodate four workstations each. The recently upgraded wood floors, french doors, and fresh paint allow the tenant to move in and get right to work.
“This move-in-ready office is perfect for any professional business that wants visibility – title office, real estate firm, legal office, financial services organization, etc,” said Montana Massa, the Vector Commercial Real Estate agent representing the landlord. “It is located on one of the highest-traveled corridors in St. Petersburg and is adjacent to some of the best demographics and neighborhoods in the bay.”
5721 Fourth Street is located within easy access of I-275 and only minutes to downtown St. Petersburg.
How it Started
What started out as a quaint motel with a live bait truck in the parking lot is now highly recognized as one of the busiest title offices in the city. Thankfully, Anderson, who started Homeowner Title & Abstract in 1975 and purchased the building in 1978, had a vision for the space long before Fourth Street was dotted with anything other than family-owned strip centers, tiny motels, mobile home parks and a couple of used car lots.
“I was reasonably confident it was better to pay rent to myself than someone else,” Anderson said. “I’m not sure how it compares to other investments from 1978, but I think it was a good choice!” Anderson, who owns two additional properties, both strip centers, on Fourth Street, widened and enclosed the motel’s exterior concrete hallways to create more square footage, walled off a couple of doors and connected the two buildings into one. She moved Homeowner Title into the space and continued to rent portions of the building to a handbag salesman, a philatelist and an insurance agent to make ends meet. First American Title purchased Homeowner Title 30 years ago and occupied the space until 1998 when Fidelity National Title, which employed Cathy at the time, took over occupancy and remains today.
“The ideal tenant would be another title company,” she said. “The building has significant brand recognition as a title office.”
For more information on the lease of 5721 Fourth St. N., St. Petersburg, call Montana Massa, Vector Commercial Real Estate, at 727-823-1230, ext. 238 or email him at email@example.com.