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1213 16th St N - St Petersburg Development Portfolio
2.27 Acres of Commercial Land in Saint Petersburg, FL 33705
Investment Highlights
- New Construction Townhomes Within a One-Mile Radius Sold at an Average of $414 Per Square Foot Over the Past Six Months
- University of South Florida - St. Petersburg Campus (7 Minutes), Midtown Academy Elementary School (8 Minutes)
- Conveniently Located Near Downtown (EDGE District) (3 Minutes), St. Anthony’s Hospital (2 Minutes), Publix (6 Minutes), Tropicana Field (3 Minutes)
- Thurgood Marshall Fundamental Middle School (11 Minutes), St. Petersburg Collegiate High School (13 Minutes)
Executive Summary
Recent market trends highlight the area’s strong appeal, with new construction townhomes within a one-mile radius selling at an average of $414 per square foot over the past six months. This robust market performance underscores the desirability of the location and the potential for significant appreciation in property values.
A particularly exciting feature is the proximity to the Tropicana Field redevelopment project, which was approved in July 2024. This 86-acre transformation will include a new baseball stadium, 6,000 rental units, 1.4 million square feet of Class A medical and office space, and 750,000 square feet of retail space. The redevelopment is just a four-minute drive from our sites, promising to enhance the area's vibrancy and appeal further.
The location offers unparalleled convenience and connectivity. Situated just three minutes from the vibrant EDGE District downtown and three minutes from Tropicana Field, residents will enjoy direct road access to some of St. Petersburg’s most sought-after destinations. Additionally, the sites are conveniently located near St. Anthony’s Hospital (2 minutes away), Publix (6 minutes away), University of South Florida - St. Petersburg Campus (7 minutes away).
With its strategic location, growing property values, and proximity to key amenities and institutions, this new townhome project is poised to offer an investor exceptional returns.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 2.27 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 2.27 AC |
1 Lot Available
Lot
| Lot Size | 2.27 AC |
| Lot Size | 2.27 AC |
1213 and 4100 16th Street N providing a Total of 55 Lots
Description
Both projects have received site-plan approval from the City of St. Petersburg. The site is located along 16th Street N, an active commercial and residential corridor. These properties offer direct road access to the Downtown Edge District and the New Tropicana Field Development. This property is a four-minute drive to the Tropicana Field Redevelopment (Approved July 2024), an 86-acre Redevelopment of Tropicana Field Bringing a New Stadium, 6,000 Rental Units, 1.4 Million Square Feet of Class A Medical/Medical Office, and 750,000 Square Feet of Retail Space.
PROPERTY TAXES
| Parcel Number | 13-31-16-77094-005-0010 | Improvements Assessment | $2,070,138 CAD |
| Land Assessment | $899,181 CAD | Total Assessment | $2,969,319 CAD |
PROPERTY TAXES
zoning
| Zoning Code | PUD (PLANNED UNIT DEVELOPMENT) |
| PUD (PLANNED UNIT DEVELOPMENT) |
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1213 16th St N - St Petersburg Development Portfolio
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