727-619-4936
500 Bayview Dr NE, Saint Petersburg, FL for Sale
Apartments - FOR SALE
1/16
null | Request Cap Rate

500 Bayview Dr NE
Saint Petersburg, FL 33704
Snell Isle


HIGHLIGHTS

  • Prime opportunity to either renovate existing units, or redevelop either another Multifamily property, Single Family Homes, or other allowed uses
  • NSM-1 zoning allows for Single Family homes, Multifamily dwellings, Assisted Living Facilities, Adult Daycare, Country Clubs, Schools, and more

OVERVIEW

PRIME DEVELOPMENT OPPORTUNITY - Bridgewater Commercial Real Estate is pleased to present 500 Bayview Dr NE to the market – an 8 unit multifamily property in the heart of Snell Isle. The property consists of two separate quads sharing a parking lot, located directly across the street from the water. Buyers have the option to renovate three of the units on the first floor and continue operating the property as a traditional multifamily investment, or take advantage of the NSM-1 zoning and redevelop on over a half-acre lot in one of St. Pete’s most sought after neighborhoods.

FOR SALE DETAILS

PRICE

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# OF UNITS

8

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenland Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

NSM-1

APN/PARCEL ID

09-31-17-24606-000-0070

ASK ABOUT THIS PROPERTY

Davis NunneleyBridgewater Commercial Real EstateMore Info
727-619-4936

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Davis NunneleyBridgewater Commercial Real EstateMore Info
727-619-4936

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