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1400 7th Ave N
Saint Petersburg, FL 33705

$5,900,000 USD

Apartments For Sale • 35,502 SF

Property Details

Property Type Apartments
Total Building Size 35,502 SF
Lot Size 1.68 AC
Building Class C
Year Built 1952
Zoning NSM-1

45 Transit Score

68 Walk Score

                
                    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 10% 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!

Property Flyers

DOWNTOWN ST. PETE DEVELOPMENT OPPORTUNITY

Amenities

Air Conditioning
Balcony
Cable Ready
Courtyard
Dishwasher
Fenced Lot
Washer/Dryer
Wheelchair Accessible
Smoke Free
Trash Pickup - Curbside
Vintage Building
Wi-Fi
Bay Window
Ceiling Fans
Kitchen
Hardwood Floors
High Speed Internet Access
Refrigerator
Oven
Tub/Shower
Views
Yard
Attic
Deck
Den
Dining Room
Family Room
Freezer
Lawn
Pantry
Vinyl Flooring
Public Transportation

Public Transportation

Airport	Drive	Walk	Distance
St Pete-Clearwater International	22 min	-	11.9 mi
Tampa International	29 min	-	20.6 mi
Sarasota/Bradenton International	48 min	-	33.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	41
Type:	Surface
Included in Rent:	Yes

David Rosenthal 813-245-7333 Grimaldi Commercial Realty Corp.

1400 7th Ave N Saint Petersburg, FL 33705