DOWNTOWN ST. PETE CASH-FLOWING DEVELOPMENT OPPORTUNITY ( ENTIRE BLOCK IN DOWNTOWN) Listing Details & Market Data

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

  • For Sale $6,300,000
  • Property Type Multi-Family
  • Property Size 35,520 SF
  • Units 19
  • Lot Size 1.68 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1922
  • Year Renovated 2022
  • Date Updated Apr 20, 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!

Contacts

broker

David Rosenthal

Grimaldi Commercial Realty Corp.

(813) 882-0884

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (70)

  • Transit Score ®

    Some Transit (45)

  • Bike Score ®

    Very Bikeable (84)
Powered by Walk Score ®
  • 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

  • Hook's Sushi

    0.48 miles

  • Coney Island Grill

    0.49 miles

  • Sushi Rock Grill

    0.50 miles

  • The Left Bank Bistro

    0.54 miles

  • Red Mesa

    0.54 miles

  • Brooklyn South

    0.55 miles

  • Hawkers Asian Street Food

    0.55 miles

  • Pinoy Saint Pete

    0.56 miles

  • Italy Bottega

    0.58 miles

  • Bodega

    0.58 miles

  • Woodlawn Elementary School

    0.59 miles

  • Tomlinson Adult Learning Center

    0.61 miles

  • Mirror Lake/Tomlinson Adult Education Center

    0.65 miles

  • Saint Paul School

    0.75 miles

  • Gingerbread School Northeast

    0.86 miles

  • MYcroSchool

    0.90 miles

  • Friendship Day School

    0.94 miles

  • Saint Petersburg High School

    1.01 miles

  • Saint Petersburg College Downtown Campus

    1.06 miles

  • John Hopkins Middle School

    1.10 miles

  • Shining Starz Preschool

    2.92 miles

  • Saint Pete Prep Learning Center

    3.52 miles

  • VPK Center

    5.66 miles

  • Camelot School

    9.32 miles

Contact Listing Broker

broker

David Rosenthal

Grimaldi Commercial Realty Corp.

(813) 882-0884