1601 5th Ave N - Storefront Retail/Residential FOR SALE


Saint Petersburg, FL 33713- Uptown St Petersburg
$650,000 USD
813-245-7333
1601 5th Ave N, Saint Petersburg, FL for Sale
$650,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | Request Cap Rate

1601 5th Ave N
Saint Petersburg, FL 33713
Uptown St Petersburg


HIGHLIGHTS

  • AMAZING OPPORTUNITY IN DOWNTOWN ST. PETERSBURG, FL!
  • PERFECT FOR OWNER/USER OR INVESTOR LOOKING FOR PRIME REAL ESTATE IN ONE OF THE HOTTEST MARKETS IN THE COUNTRY!
  • 12-MONTHS OF INTEREST PAYMENT DEFERRAL TO ALLOW A BUYER TO USE CASH FLOW ON UPDATING THE PROPERTY!
  • AMAZING SELLER FINANCING AVAILABLE! APPROX TERMS: DOWN PAYMENT: $255,000 6% FIXED INTEREST RATE INTEREST-ONLY PAYMENTS 3 OR 5-YEAR BALLOON
  • I-275 ON RAMP DIRECTLY NORTH OF THE PROPERTY! MINUTES FROM THE HEART OF DOWNTOWN ST. PETERSBURG!
  • 2,753 S/F (M.O.L) BUILDING ON THE HARD CORNER OF 5TH AVE N AND 16TH ST! SIGNALIZED INTERSECTION WITH AMAZING VISIBILITY!

OVERVIEW

EXTREMELY RARE OPPORTUNITY FOR AN OWNER/USER OR AN INVESTOR TO PURCHASE PRIME REAL ESTATE IN DOWNTOWN ST. PETERSBURG, FL. THE PROPERTY IS LOCATED ON THE HARD CORNER OF 5TH AVE N AND 16TH ST, WITH HEAVY TRAFFIC AND AMAZING VISIBILITY FOR ANY BUSINESS! DOWNTOWN ST. PETERSBURG IS ONE OF THE HOTTEST MARKETS IN THE COUNTRY, SEEING MASSIVE GROWTH AND DEVELOPMENT OVER THE PAST 10 YEARS! THE PROPERTY CONSISTS OF A 2,700 S/F (M.O.L) RETAIL/OFFICE BUILDING PERFECT FOR ANY BUSINESS AND A PARKING LOT WITH 12 SPACES! 5TH AVE NORTH IS ALREADY HOME TO HUNDREDS OF LOCAL BUSINESSES, MAKING THIS A HIGHLY SOUGHT-AFTER LOCATION IN THE DOWNTOWN CORRIDOR. THE PROPERTY SITS AT A SIGNALIZED INTERSECTION WITH AN ON-RAMP TO INTERSTATE I-275 DIRECTLY NORTH OF THE PROPERTY! AMAZING SELLER FINANCING IS AVAILABLE AT THIS LOCATION. THE OWNER IS OFFERING THE FOLLOWING INCREDIBLE TERMS FOR A POTENTIAL BUYER: $100,000 IN THE FORM OF A DOWN PAYMENT, 4.5% FIXED IR, INTEREST-ONLY PAYMENTS, AND A 3 OR 5-YEAR BALLOON! AND A 12-MONTH DEFERRAL OF INTEREST PAYMENTS, TO ALLOW FOR THE BUYER TO PAY FOR THE CONSTRUCTION COSTS AT THE PROPERTY IN YEAR 1, INSTEAD OF MAKING MONTHLY PAYMENTS TO THE SELLER! THESE ARE THE BEST TERMS YOU WILL FIND ON THE MARKET CURRENTLY, AND THEY WILL ALLOW AN OWNER/OPERATOR THE ABILITY TO PUT A SMALL AMOUNT DOWN AND USE THE REMAINING FUNDS TO START THEIR BUSINESS OR MAKE IMPROVEMENTS TO RENT THE PROPERTY OUT AS AN INVESTMENT!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

PRICE REDUCED! SELLER FINANCING AVAILABLE!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Auto Repair, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CG

APN/PARCEL ID

13-31-16-77292-000-0010

ASK ABOUT THIS PROPERTY

David RosenthalGrimaldi Commercial Realty Corp.More Info
813-245-7333

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David RosenthalGrimaldi Commercial Realty Corp.More Info
813-245-7333

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