ATTENTION APARTMENT BUILDING & TOWNHOME DEVELOPERS IN DOWNTOWN ST PETERSBURG: Immediately available 3,500 sf single story building on a 24,326 sf lot in the booming Edge District of Downtown St. Petersburg. For developers this property currently enjoys DC-2 zoning which allows for a variety of redevelopment possibilities including mid-rise apartment buildings, townhomes, condos, hotel, retail or office. Micro-apartment developers should also consider this property that features Booker Creek running along the entire south property line. FAR starts a 3.0 with the potential of increasing to 7.0. Property adjacent to the recently developed 11 story high, 211 unit Vantage Apartment complex. There are an additional two new mid-rise apartment building developments proposed in the immediate area. This property is also located in an Opportunity Zone which provides for Tax Deferral and partial exclusion on the reinvestment gains if the property is held for 10 years. This site is located just a short distance north of Central Avenue with all of its dining and entertainment establishments. Tropicana Field is just two block to the South which is currently in the first phase of a major redevelopment. There is bus & trolley service, which can transport you to Downtown St. Petersburg, or to the award winning beaches of St. Pete Beach. The adjacent owner of the property to the north will consider selling his 6,356 sf lot for a combined total site of 30,676 sf. Develop your next project in one of the fastest growing cities in Florida. More aerial photos can be found in the attachments.
Courtesy of Engel & Volkers St. Pete
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