1200 40th St S - Office FOR SALE


Saint Petersburg, FL 33711- Childs Park
$450,000 USD
727-463-2274
1200 40th St S, Saint Petersburg, FL for Sale
$450,000 USD
Office - FOR SALE
1/19
null | 10.75% Cap Rate

1200 40th St S
Saint Petersburg, FL 33711
Childs Park


HIGHLIGHTS

  • Turn-Key Completely Renovated - Move In Ready
  • Three Streams of Income - Office - Residential - Garage/Storage
  • Live-Work
  • Corner lot location with fenced outdoor area and alley access
  • Convenient access to Downtown St. Petersburg and Interstate 275

OVERVIEW

Marketing Description: 1200 40th St. S. presents a rare opportunity to acquire a fully renovated mixed-use property in South St. Petersburg with outstanding flexibility for a range of ownership strategies. The property includes 1,080 square feet of office/commercial space on the ground floor, a 1,080 square foot 3-bedroom, 1-bath apartment above, and a detached 2-car garage/storage building. OWNER FINANCING AVAILABLE Purchase Price: $450,000 Terms: • $200,000 Down Payment • Seller Financing of $250,000 • 7.0% Interest Rate • Principal & Interest Payments • 30-Year Amortization • 3-Year Balloon Note Monthly Payment: $1,663.26 (Principal & Interest) Remaining balance due at the end of 36 months. Subject to buyer qualification and final loan documents. Investment Highlights Fully renovated mixed-use asset in South St. Petersburg 2,160 SF total building area 1,080 SF office/commercial space on the ground floor 1,080 SF 3-bedroom, 1-bath apartment on the second floor Detached 2-car garage/storage building Ideal for investor, owner-user, or live/work occupancy Separate electric meters for residential and commercial components Major improvements already completed, including HVAC, hot water heaters, electrical, flooring, cabinets, appliances, and roof Roof replaced in 2020 Detached garage built in 2013 Corner lot with fenced outdoor area and alley access Opportunity Zone location

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

10.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

OWNER FINANCING - Office/Residential/Storage

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,347 SF

ZONING

-

APN/PARCEL ID

27-31-16-84834-000-0030

ASK ABOUT THIS PROPERTY

Michael SchultzInsta Real Estate SolutionsMore Info
727-463-2274

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Michael SchultzInsta Real Estate SolutionsMore Info
727-463-2274

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.