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100 Main St N
Saint Petersburg, FL 33716
Waterview Echelon City Center · Multifamily Property For Sale
·
226 Units
INVESTMENT HIGHLIGHTS
- Brand-new construction (2021) with high-quality finishes
- Shadow-anchored by Publix, Florida’s #1 grocer (48% market share)
- Exceptional access to Ulmerton Road, Roosevelt Blvd, and I-275
- 100% leased to five internet-resistant tenants
- Located within Carillon Park, walkable to 3.5M SF of Class A office
- Zero vacancy in the center; competitive submarket occupancy of 91.4%
EXECUTIVE SUMMARY
Asking Price: $8,500,000
In-Place NOI: $476,163
Cap Rate: 5.49%
All tenants operate under NNN leases, with Publix Liquors on a 5-year term plus options
The property benefits from stable long-term cash flow with staggered lease expirations extending through 2034
Located in a high-barrier-to-entry submarket with limited new retail supply
Ideal for investors seeking:
Passive income
Strong credit tenancy
New construction
High-growth Florida markets
Part of a recorded declaration governing the mixed-use tower
Property taxes estimated at $80,000–$100,000 annually based on projected sale price
In-Place NOI: $476,163
Cap Rate: 5.49%
All tenants operate under NNN leases, with Publix Liquors on a 5-year term plus options
The property benefits from stable long-term cash flow with staggered lease expirations extending through 2034
Located in a high-barrier-to-entry submarket with limited new retail supply
Ideal for investors seeking:
Passive income
Strong credit tenancy
New construction
High-growth Florida markets
Part of a recorded declaration governing the mixed-use tower
Property taxes estimated at $80,000–$100,000 annually based on projected sale price
PROPERTY FACTS
| Price Per Unit | $37,611 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.85 AC |
| Cap Rate | 5.49% | Building Size | 402,204 SF |
| No. Units | 226 | No. Stories | 15 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 5/1,000 SF |
| Apartment Style | Hi-Rise | ||
| Zoning | RC-2 - Zoning: RC-2 (Retail Center), City of St. Petersburg | ||
| Price Per Unit | $37,611 |
| Sale Type | Investment |
| Cap Rate | 5.49% |
| No. Units | 226 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | A |
| Lot Size | 0.85 AC |
| Building Size | 402,204 SF |
| No. Stories | 15 |
| Year Built | 2021 |
| Parking Ratio | 5/1,000 SF |
| Zoning | RC-2 - Zoning: RC-2 (Retail Center), City of St. Petersburg |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Double Vanities
- Kitchen
- Oven
- Range
- Tub/Shower
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Fitness Center
- Pool
- Property Manager on Site
- Energy Star Labeled
- Cabana
- Grill
- On-Site Retail
- Planned Social Activities
- Smoke Free
- Bicycle Storage
- Conference Rooms
- Lounge
- Online Services
- Pet Washing Station
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 122 | - | 677 - 712 |
| 2+2 | 102 | - | 1,024 - 1,369 |
| 3+3 | 2 | - | 1,849 |
PROPERTY TAXES
| Parcel Number | 12-30-16-13183-000-0012 | Improvements Assessment | $63,711,065 |
| Land Assessment | $1,288,935 | Total Assessment | $65,000,000 |
PROPERTY TAXES
Parcel Number
12-30-16-13183-000-0012
Land Assessment
$1,288,935
Improvements Assessment
$63,711,065
Total Assessment
$65,000,000
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