Contacts
David Rosenthal
Grimaldi Commercial Realty Corp.
(813) 882-0884
Property Details
- 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!
Getting around
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Location
- 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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Dollar Store
0.40 miles
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Save-A-Lot
0.42 miles
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Bodhi Basics
0.50 miles
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Grocery Outlet
0.62 miles
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Publix
0.80 miles
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Water Sisters
0.89 miles
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Publix
1.22 miles
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Global Marine
1.29 miles
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Rollin Oats Market
1.38 miles
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Trader Joe's
1.53 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
David Rosenthal
Grimaldi Commercial Realty Corp.
(813) 882-0884