Available For Sale - Multifamily

4,494 SF

Multifamily Space in Saint Petersburg for sale

AVAILABILITY DETAILS

Size
4,494 SF
Price/SF
N/A - Contact for Info
Listing ID
SA508670
Notes
The site currently has a 4,494 +/- SF retail building and is prime for re-development. It is zoned CCT-2 which would allow for a total of 58,750 +/- buildable SF with a FAR set at 2.5. Currently under this zoning. the maximum density is 31 residential units with prime ground level retail space. Plans for this redevelopment have already been completed and consists of a 58,750 +/- Buildable SF with 31 Residential Units and 5,700 +/- SF of prime ground floor retail that can be divided into six 950 +/- SF units. The zoning is excellent in that is allows for a wide range of uses including Restaurants, Cafes, Coffee Houses, Boutiques, Gallery, Salon, Spa, Gift Shops and more. Office Use is also a possibility - General Office, Legal, Medical, Insurance or Financial. Additionally, this property is in a Opportunity Zone which allows improvements and capital gains to grow TAX FREE after developing and holding for 10 years.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Joe Esposito, KW COMMERCIAL
BRE# SL3384847