- For Sale $5,900,000
- Property Type Multi-Family
- Property Size 35,520 SF
- Units 19
- Lot Size 1.68 Acre
- Parking Spaces Avail. 70
- Property Tenancy Multi-Tenant
- Year Built 1922
- Year Renovated 2022
- Date Updated Apr 23, 2024
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Highlights
- AN ENTIRE BLOCK FOR SALE IN DOWNTOWN ST. PETERSBURG, FL!
- 100% OCCUPIED WITH 18 MULTIFAMILY UNITS AND A 13,000+/SF OFFICE BUILDING. THE SITE WAS RE-ZONED IN 2024, TO ALLOW FOR THE DEVELOPMENT OF AT LEAST 54 NEW MULTIFAMILY UNITS, AND POTENTIALLY UP TO AS MANY AS 106 NEW UNITS!
- SELLER FINANCING AVAILABLE! APPROX TERMS: $4,300,000 DOWN, 5% FIXED IR, INTEREST-ONLY PAYMENTS, 3 TO 5 YEAR BALLOON!
- 7% CAP RATE AND 8% CASH-ON-CASH RETURN IN PLACE!
- 8% CAP RATE AND 9% CASH-ON-CASH RETURN IN 2025!
- RARE OPPORTUNITY TO PURCHASE AN ENTIRE BLOCK IN DOWNTOWN ST. PETE THE PROPERTY IS CURRENTLY CASH-FLOWING AND COMES WITH AN AMAZING AND APPROVED DEVELOPMENT OPPORTUNITY!
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Contacts
Location
Getting Around
-
Walk Score ®
70/100
Somewhat Walkable
-
Transit Score ®
45/100
Some Transit
-
Bike Score ®
84/100
Very Bikeable
- City St. Petersburg, FL
- Neighborhood Historic Uptown
- Zip Code 33705
- Market Tampa St Petersburg Clearwater
Points of Interest
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Citgo
0.42 miles
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Sunoco
0.55 miles
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Nova Charge
0.87 miles
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ChargePoint
0.89 miles
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Tiger Mart
0.91 miles
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7-Eleven
0.95 miles
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Shell
0.98 miles
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Mobil
1.10 miles
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Marathon
1.12 miles
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Suhani
1.20 miles
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7th Avenue Parking Garage
0.10 miles
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Jackson Street Parking Garage
0.23 miles
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Lot 5
0.65 miles
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Lot 4
0.67 miles
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Lot 6
0.68 miles
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Lot 3
0.74 miles
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SP+
0.78 miles
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Lot 8
0.78 miles
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Lot 7
0.82 miles
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Lot 1
0.83 miles
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Saint Pete Ecohostel Village
0.28 miles
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Tru by Hilton Saint Petersburg Downtown Central Avenue
0.60 miles
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Shirley Ann Hotel
0.60 miles
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Empress Motel
0.64 miles
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Avalon Inn
0.83 miles
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Banyan Tree Motel
0.85 miles
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The Hollander
0.87 miles
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Bay Plaza
0.88 miles
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Courtyard by Marriott Saint Petersburg Downtown
0.90 miles
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Alexander Hotel
0.90 miles
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Hook's Sushi
0.48 miles
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Coney Island Grill
0.49 miles
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Sushi Rock Grill
0.50 miles
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The Left Bank Bistro
0.54 miles
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Red Mesa
0.54 miles
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Brooklyn South
0.55 miles
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Hawkers Asian Street Food
0.55 miles
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Pinoy Saint Pete
0.56 miles
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Italy Bottega
0.58 miles
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Bodega
0.58 miles
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Woodlawn Elementary School
0.59 miles
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Tomlinson Adult Learning Center
0.61 miles
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Mirror Lake/Tomlinson Adult Education Center
0.65 miles
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Saint Paul School
0.75 miles
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Gingerbread School Northeast
0.86 miles
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MYcroSchool
0.90 miles
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Friendship Day School
0.94 miles
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Saint Petersburg High School
1.01 miles
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Saint Petersburg College Downtown Campus
1.06 miles
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John Hopkins Middle School
1.10 miles
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Shining Starz Preschool
2.92 miles
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Saint Pete Prep Learning Center
3.52 miles
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VPK Center
5.66 miles
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Camelot School
9.32 miles
Frequently Asked Questions
What is the lease rate for DOWNTOWN ST. PETE CASH-FLOWING DEVELOPMENT OPPORTUNITY ( ENTIRE BLOCK IN DOWNTOWN)?
Rental asking rate at DOWNTOWN ST. PETE CASH-FLOWING DEVELOPMENT OPPORTUNITY ( ENTIRE BLOCK IN DOWNTOWN) is $2,950,000.00/YR.
What is the total square footage of DOWNTOWN ST. PETE CASH-FLOWING DEVELOPMENT OPPORTUNITY ( ENTIRE BLOCK IN DOWNTOWN)?
DOWNTOWN ST. PETE CASH-FLOWING DEVELOPMENT OPPORTUNITY ( ENTIRE BLOCK IN DOWNTOWN) totals 35,520 square feet.
When was this property built?
DOWNTOWN ST. PETE CASH-FLOWING DEVELOPMENT OPPORTUNITY ( ENTIRE BLOCK IN DOWNTOWN) was built in 1922.
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