Commercial Property for Sale in St Petersburg Florida 33705

1400 7th Avenue North, St Petersburg Florida, 33705

Listing ID: CL-Florida-13470 Commercial Co-op Multifamily
Published on: Friday, January 3, 2025 | Updated on: Tuesday, April 8, 2025

Listing Summary

THIS AMAZING DEVELOPMENT OPPORTUNITY CONSISTS OF ALL PROPERTY AND BUILDINGS ON 14TH ST. IN DOWNTOWN STAINT PETERSBURG, FL, FROM 5TH AVE N TO 7TH AVE N.

Full Description

Property Description

BEAUTIFUL TWO-STORY OFFICE/MEDICAL BUILDING IN THE HEART OF HISTORIC UPTOWN IN DOWNTOWN ST. PETERSBURG. THE BUILDING HAS OVER 13,000 S/F AVAILABLE FOR RENT, WITH BUILD-OUT AVAILABLE TO ANY NEW TENANTS. THE PROPERTY SITS IN AN AMAZING LOCATION DIRECTLY NEXT TO ST ANTHONY'S HOSPITAL, THE #1 HOSPITAL IN ST PETERSBURG, AND IS LISTED IN THE TOP FEW HOSPITALS IN THE STATE. ST ANTHONY'S CONTINUES TO GROW AND IS COMPLETING A $158 MILLION EXPANSION.

THE PROPERTY SITS DIRECTLY IN THE MIDDLE OF THE LARGE MEDICAL CORRIDOR OF DOWNTOWN ST. PETE. THIS AMAZING SITE, HAS TWO FLOORS WITH OVER 6,900 SF OF RENTABLE SPACE ON EACH LEVEL. THE PROPERTY HAS AN UPDATED ROOF AS WELL AS PLUMBING AND HVAC UPDATES IN THE PAST 5 YEARS. THE BUILDING HAS OVER 40 PARKING SPACES IN THE FRONT PARKING LOT AND A GATED LOT IN THE REAR WITH PYLON SIGNAGE FACING 5TH AVE N. THE PROPERTIES ENTRANCE IS LESS THAN A MILE FROM INTERSTATE I-275 CONNECTING ST. PETERSBURG WITH TAMPA, FL!

THE PROPERTY IS PERFECT FOR OFFICE, RETAIL, OR MEDICAL USE AS IT CONTAINS OVER 20 OFFICE SUITES, LARGE CORRIDORS, AND AMPLE SPACE FOR CONFERENCE ROOMS. THE OWNER IS WILLING TO ALLOW FOR BUILDOUT FOR ANY USE. THE SPACE CAN BE DIVIDED BY 1ST AND 2ND FLOOR. LEASE TERMS ARE AS FOLLOWS: 13,623 RENTABLE SF, 15$ P/S/F, PURE NNN LEASE, 5-20 YEAR TERM, BUILDOUT INCLUDED, TENANT IS RESPONSIBLE FOR ALL EXPENSES AT THE PROPERTY.

Location Description

LOCATED IN HISTORIC UPTOWN IN THE HEART OF DOWNTOWN ST. PETERSBURG, DIRECTLY NEXT TO SAINT ANTHONY'S HOSPITAL! THE SITE SITS BETWEEN 9TH STREET NORTH AND 16TH ST NORTH.

Quick Glance

  • Listing ID: CL-Florida-13470
  • Status: Active
  • Year Build: 1922
  • Building Size: 35,520 SqFt
  • Lot Size: N/A

Complete Details

  • Year Build: 1922
  • Building Size: 35,520 SqFt
  • No of Stories: 2
  • No of Parking: 41
  • No of Total Units: 19
  • Heating and Cooling: Not Specified
  • Building Class: Class B
  • Occupancy: 100

Lending Opportunities

Interested in making an offer? Our network of experienced lenders is ready to provide competitive loan options. Get pre-approved today!

Company Name Lender Type Contact Name Contact Number Actions
Easy Home Loans, LLC Mortgage Broker Ana M Gonzalez (786) 525-7126
Universe Financial Corp Mortgage Broker Melody Bejerano (305) 505-3053

Business Opportunities

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Company Name Business Type Contact Name Contact Number Actions
EC Title Services, LLC Title Services Cary Granda (305) 953-4040
Bay Title Company Title Services Alana Supraski (305) 692-8886

Material Opportunities

Showcase your building materials, fixtures, and specialty supplies to buyers and contractors actively working on projects.

Company Name Service Type Contact Name Contact Number Actions
Nestor Remodeling, LLC Insulation & Drywall Supplier Nestor (954) 383-2477

Pricing Details

Additional Features

Features
  • Net Rentable (sq ft): 25,063
  • Pro-Forma NOI: $486,211
  • Buildings: 13
  • Year Renovated: 2022
  • Lot Size (acres): 1.68
  • APN: 13-31-16-10062-000-0680
  • Zoning: NSM-1
  • Pro-Forma Cap Rate: 8.00%
Highlights
  • AN ENTIRE BLOCK FOR SALE IN DOWNTOWN ST. PETERSBURG, FL!
  • 100% OCCUPIED WITH 18 MULTIFAMILY UNITS AND A 13,000+/SF OFFICE BUILDING. THE SITE WAS RE-ZONED IN 2024, TO ALLOW FOR THE DEVELOPMENT OF AT LEAST 54 NEW MULTIFAMILY UNITS, AND POTENTIALLY UP TO AS MANY AS 106 NEW UNITS!
  • SELLER FINANCING AVAILABLE! APPROX TERMS: $4,300,000 DOWN, 5% FIXED IR, INTEREST-ONLY PAYMENTS, 3 TO 5 YEAR BALLOON!
  • 7% CAP RATE AND 8% CASH-ON-CASH RETURN IN PLACE!
  • 8% CAP RATE AND 9% CASH-ON-CASH RETURN IN 2025!
  • RARE OPPORTUNITY TO PURCHASE AN ENTIRE BLOCK IN DOWNTOWN ST. PETE THE PROPERTY IS CURRENTLY CASH-FLOWING AND COMES WITH AN AMAZING AND APPROVED DEVELOPMENT OPPORTUNITY!

Listing Location

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