Planned 74-Unit Multifamily Development
200 17th Street North St Petersburg, FL 33713
200 17th Street North, St Petersburg, FL, 33713
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For Sale
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A boutique-scale multifamily development site with a planned 74-unit apartment community and substantial predevelopment documentation package.
Property Size34,049 SF
Price / SF$119.53
Days on Market56
Property Features for 200 17th Street North
General Information
- Standard status
- Active
- Size
- 34,049 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2026
Listing agency
GREA
Listed by
Ken Wellar · License #PA 10401252368
Source
Crexi
Added: May 28 Updated: Jul 21 at 11:17PM Checked: Jul 21 at 11:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GREA
Investment Insights
Based on property information with market context.
200 17th Street North is a boutique-scale multifamily development site positioned for a planned 74-unit apartment community. The offering includes a substantial predevelopment package with architectural, civil, structural, and MEPF drawings, along with landscape plans, survey, geotechnical report, and a Phase I Environmental Site Assessment. Additional materials included are hydrant flow information, engineering review documentation, and City permit materials.
Located in St. Petersburg’s EDGE District, the property is described as a walkable urban submarket within the Downtown area. The EDGE is noted as running along Central Avenue between 9th and 16th Streets. The remarks also cite proximity to the Historic Gas Plant District redevelopment, led by the Tampa Bay Rays and Hines, described as being less than half a mile from the site.
For a buyer, developer, or capital partner seeking a project with an advanced level of diligence rather than a raw land acquisition, the documentation package is intended to provide a meaningful head start.
Located in St. Petersburg’s EDGE District, the property is described as a walkable urban submarket within the Downtown area. The EDGE is noted as running along Central Avenue between 9th and 16th Streets. The remarks also cite proximity to the Historic Gas Plant District redevelopment, led by the Tampa Bay Rays and Hines, described as being less than half a mile from the site.
For a buyer, developer, or capital partner seeking a project with an advanced level of diligence rather than a raw land acquisition, the documentation package is intended to provide a meaningful head start.
Key Highlights
- Boutique‑scale multifamily development site at 200 17th Street North in St. Petersburg
- Planned 74‑unit apartment community within the Edge District/Downtown St. Pete area
- Year built: 2026 (planned)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $612.9k | $18.00 |
| − Vacancy | −$43.5k | −$1.28 |
| EGI | $569.4k | $16.72 |
| − OpEx | −$256.2k | −$7.52 |
| NOI | $313.2k | $9.20 |
34,049 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.47M
$3.91M – $5.22M
NOI $313,152 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.86M
$7.75M – $10.33M
NOI $619,949 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - A boutique-scale multifamily development site with a planned 74-unit apartment community and substantial predevelopment documentation package.
Where is this apartment building located?
The property is located at 200 17th Street North St Petersburg, FL.
What is the asking price?
The asking price for this property is $4,070,000.
What are key features of this property?
This property features: Boutique‑scale multifamily development site at 200 17th Street North in St. Petersburg; Planned 74‑unit apartment community within the Edge District/Downtown St. Pete area; Year built: 2026 (planned)
