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661 16th St N

0.59 Acres of Commercial Land Offered at $2,622,319 CAD in Saint Petersburg, FL 33705

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Investment Highlights

Ready for Townhome or Medical Office Development
Floor Area Ratio (FAR) in place of 2.5 allowing over 60,000 Sq. Ft.

Zoning IN Place

Executive Summary

Site is ready for TOWNHOME, APARTMENT, MEDICAL OFFICE. Another possible use would be mixed use with flexible sized commercial units. There have been a lot of inquiries for small (1500 to 2000 Sq. Ft. spaces) on another property close by. Site is within the St. Anthony's Hospital Overlay District which has an F A R (Floor Area Ratio) of 2.5. Thus site could accommodate in excess of 60,000 Sq. ft. of improvements.
Zoning IS in place for the above referenced uses. No variance is required for the 2.5 F A R. Thus entitlements are in place. "IF" a developer or user needs variances to enhance the usability of the site, Seller is open to providing the needed time in order to obtain approvals. Please note, listing agent has an ownership interest in property. Managing Member of Selling entity has their 10,000 Sq. Ft. office directly west across 16th Street. What this means, we are interested in knowing what is planned for the property that we will be looking at until we retire. We have had our professional offices located across the street since 2006. For us the location has been extremely convenient to our home in NE St. Petersburg, Shorecrest Preparatory School, Tampa / TIA, Vinoy, SPYC, downtown restaurants, Rays Games etc. There have been a number of people that work for the law firm that travel from Tampa. Access to the on and off ramps for I 275 at 5th Avenue has been very helpful. Not many brokers selling real estate have worked adjacent to a property for going on 20 years. If we were not happy with this location, we would have moved long ago. St. Anthony's Hospital has invested 10's of millions in multiple expansions since we first renovated our building.

Property Facts

Price	$2,622,319 CAD	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Office Mixed Use Multifamily Apartment Units Apartment Units - Condo Medical
No. Lots	1	Total Lot Size	0.59 AC
Property Type	Land

Price	$2,622,319 CAD
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Office Mixed Use Multifamily Apartment Units Apartment Units - Condo Medical
Total Lot Size	0.59 AC

1 Lot Available

Lot

Price	$2,622,319 CAD	Lot Size	0.59 AC
Price Per AC	$4,448,138 CAD

Price	$2,622,319 CAD
Price Per AC	$4,448,138 CAD
Lot Size	0.59 AC

Site is flat and has good frontage on both 16th Street and 7th Avenue North. Like most of St. Petersburg, utilities are to site and in use today. Seller has new survey with topo. Site has 120 Feet of Frontage on 16th St and 214 Feet on 7th Ave. N.