1401 5Th St, Unit PETERSBURG St Petersburg, FL 33705
Prime downtown block near hospital with income potential.
Property size:
70,480 SFLot size:
1.62 AcresProperty Features for 1401 5Th St
General Information
- Standard status
- Active
- Size
- 70,480 SF
- Lot size
- 1.62 Acres
Building Details
- Year built
- 1977
Source:
Corcoran
Listing Agent: David Weylie
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Downtown St. Petersburg Development Opportunity
This property comprises an entire city block in downtown St. Petersburg, zoned CRT-1 NSM-1, situated next to St. Anthony's Hospital. The hospital is undergoing a $158 million expansion. The property includes all buildings on 14th Street, from 5th Avenue to 7th Avenue, encompassing almost 2 acres in the downtown core. The current annual gross income from the multifamily properties is $300,000. The office building, with 14,000 square feet, has the potential to generate $180,000 in income when fully rented. The property is located on 14th Street North. The location is approximately 3 minutes from the expressway entrance. Given the city's need for apartments and condos, including workforce housing, this collection of properties is well-suited for development. The property is currently generating income while awaiting development.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- St Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6398898
- Latitude
- 27.7862467
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Prime downtown block near hospital with income potential.
Where is this mixed-use property located?
The property is located at 1401 5Th St, Unit PETERSBURG St Petersburg, FL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: - Prime downtown St. Pete location near St. Anthony's Hospital, a top-ranked hospital undergoing a $158 million expansion.; - Almost 2 acres of land suitable for development in a rapidly growing city.; - Zoning CRT-1 NSM-1 allows for diverse development options.