OWNER FINANCING - Office/Residential/Storage 1200 40th St S 2,160 SF Vacant Office Building Saint Petersburg, FL 33711 $450,000 ($208.33/SF) 10.75% Cap Rate

Marketing Description
1200 40th St. S. presents a rare opportunity to acquire a fully renovated mixed-use property in South St. Petersburg with outstanding flexibility for a range of ownership strategies. The property includes 1,080 square feet of office/commercial space on the ground floor, a 1,080 square foot 3-bedroom, 1-bath apartment above, and a detached 2-car garage/storage building.
OWNER FINANCING AVAILABLE
Purchase Price: $450,000
Terms:
• $200,000 Down Payment
• Seller Financing of $250,000
• 7.0% Interest Rate
• Principal & Interest Payments
• 30-Year Amortization
• 3-Year Balloon Note
Monthly Payment: $1,663.26 (Principal & Interest)
Remaining balance due at the end of 36 months.
Subject to buyer qualification and final loan documents.
Investment Highlights
Fully renovated mixed-use asset in South St. Petersburg
2,160 SF total building area
1,080 SF office/commercial space on the ground floor
1,080 SF 3-bedroom, 1-bath apartment on the second floor
Detached 2-car garage/storage building
Ideal for investor, owner-user, or live/work occupancy
Separate electric meters for residential and commercial components
Major improvements already completed, including HVAC, hot water heaters, electrical, flooring, cabinets, appliances, and roof
Roof replaced in 2020
Detached garage built in 2013
Corner lot with fenced outdoor area and alley access
Opportunity Zone location