DOWNTOWN ST. PETE CASH-FLOWING DEVELOPMENT OPPORTUNITY ( ENTIRE BLOCK IN DOWNTOWN)

For Sale

1400 7th Avenue North, St. Petersburg, FL 33705

This St. Petersburg property for sale is located at 1400 7th Avenue North. The current listed sale price for DOWNTOWN ST. PETE CASH-FLOWING DEVELOPMENT OPPORTUNITY ( ENTIRE BLOCK IN DOWNTOWN) is $5,900,000. DOWNTOWN ST. PETE CASH-FLOWING DEVELOPMENT OPPORTUNITY ( ENTIRE BLOCK IN DOWNTOWN) is situated on a lot that is 1.68 acre in size.

Contacts

broker

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
LOCATED IN THE MIDDLE OF DOWNTOWN ST. PETERSBURG, FL!

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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

  • 70/100

    Walk Score ®

  • 45/100

    Transit Score ®

  • 84/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City St. Petersburg, FL
  • Neighborhood Historic Uptown
  • Zip Code 33705
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Citgo

    0.42 miles

  • Sunoco

    0.55 miles

  • Nova Charge

    0.87 miles

  • ChargePoint

    0.89 miles

  • Tiger Mart

    0.91 miles

  • 7-Eleven

    0.95 miles

  • Shell

    0.98 miles

  • Mobil

    1.10 miles

  • Marathon

    1.12 miles

  • Suhani

    1.20 miles

  • 7th Avenue Parking Garage

    0.10 miles

  • Jackson Street Parking Garage

    0.23 miles

  • Lot 5

    0.65 miles

  • Lot 4

    0.67 miles

  • Lot 6

    0.68 miles

  • Lot 3

    0.74 miles

  • SP+

    0.78 miles

  • Lot 8

    0.78 miles

  • Lot 7

    0.82 miles

  • Lot 1

    0.83 miles

  • Saint Pete Ecohostel Village

    0.28 miles

  • Tru by Hilton Saint Petersburg Downtown Central Avenue

    0.60 miles

  • Shirley Ann Hotel

    0.60 miles

  • Empress Motel

    0.64 miles

  • Avalon Inn

    0.83 miles

  • Banyan Tree Motel

    0.85 miles

  • The Hollander

    0.87 miles

  • Bay Plaza

    0.88 miles

  • Courtyard by Marriott Saint Petersburg Downtown

    0.90 miles

  • Alexander Hotel

    0.90 miles

  • Dollar Store

    0.40 miles

  • Save-A-Lot

    0.42 miles

  • Bodhi Basics

    0.50 miles

  • Grocery Outlet

    0.62 miles

  • Publix

    0.80 miles

  • Water Sisters

    0.89 miles

  • Publix

    1.22 miles

  • Global Marine

    1.29 miles

  • Rollin Oats Market

    1.38 miles

  • 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

broker

David Rosenthal

Grimaldi Commercial Realty Corp.

(813) 882-0884