Multi Family / Condo / Micro Hotel Site | 1501 5th Ave N
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Multi Family / Condo / Micro Hotel Site 1501 5th Ave N
3,730 SF Office Building Saint Petersburg, FL 33705 $2,334,231 CAD ($626 CAD/SF)
Investment Highlights
- Zoning in place for Multi Family or Office. Very easy access to and from Tampa which is great for those employees.
- Good Commercial Frontage / Exposure and Access / Location close to I 275, 16th, 9th and 4th Streets and Close to Downtown St. Petersburg.
- Height Restriction is 48 Feet.
- Site has a 2.5 FAR & will accommodate up to 58,800 Sq. Ft. of improvements MOL.
- Close to the Waterfront Neighborhoods in North East St. Petersburg, including Snell Isle, Old North East
- One block to St. Anthony's Property which recetly finished another massive expansion.
Executive Summary
Development Site. Multi Family, Condominium, Work Force Housing, Micro Hotel or Office Redevelopment. Site is within The St. Anthony's Hospital Overlay District and as a result, has an F A R of 2.5. Thus the site will allow for a maximum development of 58,800 Sq. Ft. mol with a 48 foot high restriction. Site is already zoned and the 2.5 FAR is automatically in place with no additional City requirements to get additional FAR. Existing building on site is VACANT. Site has flat topography with what appears to be very good drainage. Meaning we have never seen standing water on site even in heavy downpours. Site is not in an Evacuation Zone and due to a major hospital being 1 block east, we are told the power grid is one of the first to come back on line if power is even lost. Seller has survey with some topo.
Sales price is dependent upon the specific term on the Contract. This price is assuming a normal closing time line for a development considering zoning, height restriction of 48 feet and FAR of 2.5 are already in place.
Sales price is dependent upon the specific term on the Contract. This price is assuming a normal closing time line for a development considering zoning, height restriction of 48 feet and FAR of 2.5 are already in place.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,730 SF
Building Class
C
Year Built
1959
Price
$2,334,231 CAD
Price Per SF
$626 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,730 SF
Building FAR
0.16
Lot Size
0.54 AC
Zoning
CRT 1 - Multi Family, General Office, including but not limited to Medical, Law, Administrative, Financial, Insurance and other Professional Services Etc.
Parking
51 Spaces (13.67 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 13-31-16-10062-000-1150 | Improvements Assessment | $301,841 CAD |
| Land Assessment | $651,199 CAD | Total Assessment | $953,040 CAD |
PROPERTY TAXES
Parcel Number
13-31-16-10062-000-1150
Land Assessment
$651,199 CAD
Improvements Assessment
$301,841 CAD
Total Assessment
$953,040 CAD
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Multi Family / Condo / Micro Hotel Site | 1501 5th Ave N
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