630 4th Ave S - Apartments FOR SALE


St Petersburg, FL 33701- Bayfront
$3,500,000 USD
813-245-7333
630 4th Ave S, St Petersburg, FL for Sale
$3,500,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

630 4th Ave S
St Petersburg, FL 33701
Bayfront


HIGHLIGHTS

  • SHOVEL-READY 33-UNIT DEVELOPMENT OPPORTUNITY IN DOWNTOWN ST. PETERSBURG ON HISTORIC 4TH AVE S. STEPS FROM THE WATERFRONT AND FAMOUS EDGE DISTRICT!
  • BREATHTAKING WATERFRONT VIEWS OVERLOOKING DOWNTOWN ST. PETERSBURG!
  • 33-UNIT, CLASS A APARTMENT COMPLEX WITH FULL SITE PLANS, 98% PERMITTING APPROVALS, AND A BUDGET ALREADY IN PLACE!
  • CURRENT PLANS FOR (10) 2-BEDROOMS, (22) 1-BEDROOMS, AND ONE EXTRAVAGANT PENTHOUSE OVERLOOKING DOWNTOWN.
  • PROJECTED TO PRODUCE OVER $1,230,000 IN RENT PER YEAR, ONCE FULLY OCCUPIED!
  • ON-SITE MANAGEMENT OFFICE ON THE FIRST FLOOR ALONG WITH THE PARKING GARAGE. FULL FITNESS CENTER AND RECREATION CENTER ON TOP FLOOR!

OVERVIEW

THIS UNIQUE DEVELOPMENT OPPORTUNITY IS LOCATED IN THE HEART OF DOWNTOWN ST. PETERSBURG, FL ON 4TH AVE S! THIS AMAZING SITE SITS IN THE WATERFRONT AND ARTS DISTRICT ON BUSY 4TH AVE S. JUST STEPS FROM THE WATERFRONT, AND FAMOUS EDGE DISTRICT WITH HUNDREDS OF SHOPS, RESTURANTS, AND BUSINESSES WITHIN WALKING DISTANCE. THIS 7-STORY APARTMENT BUILDING WILL PRODUCE BREATHTAKING VIEWS OVERLOOKING THE WATERFRONT AND THE ENTIRE DOWNTOWN CORRIDOR! THERE ARE OVER 20,000 RESIDENTS WITHIN A 1 MILE RADIUS OF THE PROPERTY! WITH THE MASSIVE GROWTH AND DEVELOPMENT ST. PETERSBURG, FL HAS SEEN OVER THE PAST 10 YEARS, THE DEMAND FOR RENTAL UNITS IS OFF THE CHARTS. THE PROPERTY SITS .1 MILES FROM I-275, CREATING AN EASY COMMUTE FOR TENANTS WHO WORK ACROSS THE BAY IN TAMPA OR ANY OF THE SURROUNDING AREAS! THIS INCREDIBLE INVESTMENT OPPORTUNITY COMES SHOVEL-READY WITH PLANS TO BUILD AN IMMACULATE 7-STORY, 33-UNIT APARMENT BUILDING IN ONE OF THE MOST DESIRABLE LOCATIONS IN ALL OF FLORIDA! THIS CLASS-A BUILDING WILL HAVE VEIWS OVERLOOKING THE WATERFRONT, WITH TOP-OF-THE-LINE FINISHES IN EACH UNIT. THE FIRST FLOOR COMPRIMES OF AN ONSITE MANAGEMENT OFFICE AND A PARKING GARAGE FOR RESIDENTS. FLOORS 2-6 WILL CONSIST OF 30 MAGNIFICENT UNITS WITH TOP-OF-THE-LINE AMENITIES. FLOOR 7 WILL CONSIST OF 2 APARTMENTS AND A PENTHOUSE WITH EXTRAVAGANT CITY AND WATER VIEWS. THE TOP FLOOR WILL ALSO HAVE A FITNESS CENTER, A RECREATION CENTER WITH A ROOF DECK AND, BREATHTAKING PANORAMIC VIEWS OVERLOOKING DOWNTOWN ST. PETERSBURG.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

33

PRICE/UNIT

$106,061

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(33-UNIT) SHOVEL-READY APARMENT COMPLEX

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

DC2

APN/PARCEL ID

19-31-17-61668-000-0050

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 Policy.