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1401 5th Ave N - Downtown Development Opportunity 0.69 Acres of Commercial Land Offered at $4,300,000 in Saint Petersburg, FL 33705
Investment Highlights
- Estimated NOI: 214,220.19
- Existing Revenue In Place Reducing Carry Cost
- Cap Rate: 4.98
Executive Summary
A prime 1.67-acre development site in downtown St. Petersburg, Florida, sits adjacent to Saint Anthony’s Hospital, offering exceptional potential for workforce housing or mixed-use. Currently undergoing rezoning to the CRT-1 (Corridor Residential Tradition-1) or potential Live Local options for redevelopment, the parcel is ideally positioned to support higher-density, mixed-use residential projects that address the area’s growing demand for attainable housing options near major employment centers, medical facilities, and transit corridors.
Its central location provides convenient access to downtown amenities, while the proposed zoning changes would enable compatible development that promotes walkability and community vitality in one of St. Pete’s most dynamic urban neighborhoods.
Its central location provides convenient access to downtown amenities, while the proposed zoning changes would enable compatible development that promotes walkability and community vitality in one of St. Pete’s most dynamic urban neighborhoods.
Property Facts
| Price | $4,300,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.67 AC |
| Property Type | Land | No. Stories | 2 |
| Zoning | CG - Office/Mixed Use | ||
| Price | $4,300,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.67 AC |
| No. Stories | 2 |
| Zoning | CG - Office/Mixed Use |
1 Lot Available
Lot
| Price | $4,300,000 | Lot Size | 0.69 AC |
| Price Per AC | $6,231,884.06 |
| Price | $4,300,000 |
| Price Per AC | $6,231,884.06 |
| Lot Size | 0.69 AC |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 13-31-16-10062-000-0680 | Improvements Assessment | $1,066,097 |
| Land Assessment | $553,903 | Total Assessment | $1,620,000 |
Property Taxes
Parcel Number
13-31-16-10062-000-0680
Land Assessment
$553,903
Improvements Assessment
$1,066,097
Total Assessment
$1,620,000
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1401 5th Ave N - Downtown Development Opportunity
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