Downtown St. Pete Redevelopment Opportunity

Special Purpose for Sale
Catylist Listing ID: 30179690
Building Size (RSF): 20,125 SF
Gross Land Area: 29,700 SF
Sale Price: $2,250,000
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2017

Overview / Comments

20,125 sf concrete block with brick building built in 1956 and 1963 and is 100% air conditioned with 20' ceilings (could be developed into 2 stories). Zoned DC-2 allows for a variant of uses including: multifamily, hotel, food service, bank, office, medical offices, restaurants, retail, recreation, health club, museum, performing arts, child care, government, library or schools. Grandfathered in for warehouse use. Fully sprinklered. X flood zone and non-evacuation zone. East of the building is an additional 8,100 sf for parking or additional developments. 3 phase/220 volt electric.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 243116436680000100
Zoning: DC-2
Property Located Between: 13th and 14th Streets on Burlington (2 blocks north of Central)
Property Visibility: Good
Largest Nearby Street: 16th Street and Central Avenue
Site Description: 20,125 sf building on 29,700 sf land - almost a full City block of downtown.
Area Description: Located near the booming EDGE District of downtown St. Pete filled with restaurants, loft office space, recreation space, near the Pinellas Trail, apartments, shops and the trolley line. Directly north of the $85 million new police station under construction and just east of a new 4 story self storage facility under construction. 4 blocks from Tropicana Field and within 8 blocks of 1,800 new apartments that are commencing construction in 2018.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 20,125 SF
Property Condition: Good
Year Built: 1956
Year Renovated: 1963
Construction/Siding: Block
Exterior Description: Exterior is red brick
Parking Type: Surface
Parking Description: 8,100 sf of land for surface parking or additional development
Sprinklers: Wet
Zoning Description: DC-2 allow a variety of uses on the site: Multifamily, office, retail, restaurants, mixed uses, warehousing and more.
Legal Description: Jackson's Park Revised Lots 7, 9, 10, 11, 12 and the South 1/2 of Lot 8.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,285 126,537 272,533
Median Age: 41.25 40.55 42.59
Households: 7,494 55,127 119,231

Contact

Photograph of Listing Agent

Wendy S. Giffin

Cushman & Wakefield FGCAR CIE Member
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