500 St Petersburg Dr Oldsmar, FL 34677
This exceptional 82-unit townhome development opportunity is situated on a prime parcel of land in Oldsmar, Florida, at 500 St Petersburg Dr E, 34677. The project is poised for immediate construction, with all necessary permits anticipated to be secured by September. Comprehensive due diligence, including detailed site work bids, has already been completed, significantly streamlining the development process and minimizing potential delays. This turnkey project presents a rare chance to acquire a substantial residential development ready for swift execution. The property's location in Oldsmar, Pinellas County, offers excellent access to major transportation routes and amenities. The asking price for this exceptional investment opportunity is $5,084,000. This represents a significant opportunity for investors seeking a high-return, multi-family residential project in a thriving Florida market. All necessary documentation is available upon request. Don't miss this chance to capitalize on this fully-permitted, shovel-ready development. Contact us today to learn more and schedule a site visit.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.