Building Details

Year Built 1974

Buildings 2

Stories 4

Units 62

Listing Agency: Franklin Street Tampa

Listed By: Eve Lowry · License ##SL3546854

Source: Crexi

Added: Mar 19 Changed: Aug 8 Last Checked: Aug 8 at 2:41PM

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Investment Insights

Based on property information with market context.

The Nordica Bay Apartments, a 62-unit multifamily property, are available for purchase in St. Petersburg, Florida. The property has a total size of 66148 square feet and represents a boutique infill opportunity.

Key Highlights

• Boutique infill opportunity at Nordica Bay Apartments.
• Features 62 units.
• Located in St. Petersburg, FL.

Property Analytics

Property Profile

Current Use

Nordica Bay Apartments Apartment Complex

Suggested Use

Top Pick Parking Lot & Garage Food Market Grocery & Convenience Store Barber Shop Law Firm Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

971

Businesses Nearby

Explore this area Business Placement

Demographics for 33703, FL

23,948

Population

12,331

Households

1.9

Avg Household Size

45

Median Age

53%

College-Educated

96%

High-School Grad

5.0 sq mi

ZIP Area

4,790

Density / Sq Mi

$96,795

Median Household Income

$56,760

Median Earnings

$1,569

Median Rent

$395,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - 62-unit apartment complex in St. Petersburg, Florida.

Where is this apartment building located?

The property is located at 120 47th Ave N St Petersburg, FL.

What are key features of this property?

This property features: Boutique infill opportunity at Nordica Bay Apartments.; Features 62 units.; Located in St. Petersburg, FL.