200 17th St N - Apartments FOR SALE


Saint Petersburg, FL 33713- Edge District
$4,070,000 USD
215-454-2879
200 17th St N, Saint Petersburg, FL for Sale
$4,070,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

200 17th St N
Saint Petersburg, FL 33713
Edge District


HIGHLIGHTS

  • Rare Downtown St. Petersburg/Edge District multifamily development site with a compact, efficient 74-unit program
  • Proposed six-story mid-rise apartment building with a lifestyle-oriented amenity package and urban parking ratio of approximately 0.82 spaces per unit
  • Efficient unit mix averaging ~460 square feet, designed to maximize rent-per-square-foot while maintaining approachable absolute monthly rents
  • Advanced diligence and plan package materially reduces early-stage execution risk and provides speed-to-market advantages versus unentitled land
  • Phase I ESA did not identify RECs or HRECs; geotechnical diligence provides specific foundation and site improvement alternatives for buyer review

OVERVIEW

200 17th Street North represents a rare opportunity to acquire or capitalize a highly advanced boutique-scale multifamily development site in Downtown St. Petersburg. The project is planned for a 74-unit apartment community within the Edge District/Downtown St. Pete area, a walkable urban submarket supported by nightlife, cafes, restaurants, employment, cultural amenities, and proximity to the Central Avenue corridor. The Project benefits from a substantial predevelopment package, including architectural, civil, structural, MEPF drawings, landscape plans, survey, geotechnical report, Phase I Environmental Site Assessment, hydrant flow information, engineering review documentation, and City permit materials. This advanced level of diligence provides a prospective buyer, developer, or capital partner with a meaningful head start compared with a raw land acquisition. Downtown St. Petersburg is one of the most dynamic and desirable multifamily submarkets in Florida. The area continues to benefit from strong population growth, a growing employment base, tourism, cultural attractions, and significant lifestyle demand from renters seeking walkable urban living. Ellington Place Edge District is located at 200 17th Street North in St. Pete’s EDGE District - a vibrant Main Street neighborhood running along Central Avenue between 9th and 16th Streets. The EDGE is widely recognized as one of the most energetic urban corridors in all of Florida, celebrated for its eclectic mix of independent restaurants, craft breweries (including Green Bench Brewing, just three blocks away), art galleries, vintage shops, and live music venues. The neighborhood has been particularly lauded for its adaptive reuse of historic buildings, which now house modern creative businesses alongside entirely new ground-up developments. Just to the south, the $6.5 billion Historic Gas Plant District redevelopment, led by the Tampa Bay Rays and Hines, is transforming the Tropicana Field site into a landmark mixed-use district featuring a new baseball stadium, hotel towers, office, retail, and thousands of new residential units. This generational catalyst project is less than half a mile from 200 17th Street North and is expected to dramatically increase residential demand, foot traffic, and submarket rents over the next decade.

FOR SALE DETAILS

PRICE

$4,070,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

74

PRICE/UNIT

$55,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ellington Place EDGE District

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

DC

APN/PARCEL ID

24-31-16-29718-008-0160

ASK ABOUT THIS PROPERTY

215-454-2879

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215-454-2879

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