13750 Park Blvd - Residential LAND FOR SALE


Seminole, FL 33776 23,958 SF
$2,800,000 USD
941-704-2168
13750 Park Blvd, Seminole, FL for Sale
$2,800,000 USD
Residential LAND - FOR SALE
1/22
23,958 SF

13750 Park Blvd
Seminole, FL 33776


HIGHLIGHTS

  • Development plan for 9 exquisite luxury townhome residences with short term rental ability
  • 3 BR / 2.5 BA Units with solid block construction and other safety provisions against storms and flooding
  • Flood zone X rating for very low risk for exposure to storm flooding
  • Very strong income earnings potential.
  • Quick, easy access to beaches, beach parking, dining, shopping, movie theatres and vibrant St. Petersburg downtown

OVERVIEW

Owner is aggressively seeking sale of this turn-key project. Land development has already started and about to go vertical. Project comes with contractor and construction bids for a new owner. This project offers tremendous earning and value potential. This property is an assemblage of 3 parcels. It is currently under ongoing development. All current entitlements with include all plans, HOA docs/budget, etc. Completion of current developer's/builder's entire buildout is late 2025 to early 2026. The entitled 9 townhome units may be sold in bulk, owned and/or held by the partners together or individually for their discretionary use (sell or rent). Current turn-key site plan has plan and plat approval. Proforma includes conservative projected annual income/expense forecast for a full year's occupancy (average of 35 weeks per year) broken down by a nightly rental range. Also, the Proforma attached includes capitalization rate based on average list price upon complete build out by current owner/developer and a cap rate % is also indicated based on project list price + developer's projected build out cost for comparable units to those currently approved. Focus on the nightly rates of $500 and above as these luxury units are expected to rent at that rate or higher. For those investors requiring a greater investment opportunity consisting of more entitled properties and land, listing agent has access to additional income opportunities with no rental restrictions. Ideal for robust short-term rental income with very attractive cap rates.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/ACRE

$5,090,909/AC

PRICE/SF

$117 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Fully entitled turn-key TH project/AirBnB

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Hold for Development, Planned Unit Development

LAND ACRES

0.55 AC

LAND SF

23,958 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

C-1

APN/PARCEL ID

30-30-15-36486-000-1590

ASK ABOUT THIS PROPERTY

Ray AlexanderSEASALT Properties LLCMore Info
941-704-2168

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

Ray AlexanderSEASALT Properties LLCMore Info
941-704-2168

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