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INVESTMENT HIGHLIGHTS
- Auction property sold live onsite January 17 at 1 PM.
- Prime redevelopment site in Saint Petersburg’s urban core.
- Surrounded by luxury condos, apartments, and vibrant nightlife.
- Opening bid set at $1,750,000.
- DC-2 zoning supports high-density residential and mixed-use concepts.
- Walkable to Central Avenue and Beach Drive dining and retail.
EXECUTIVE SUMMARY
AUCTION PROPERTY – LIVE ONSITE JAN 17 AT 1 PM
This is a rare redevelopment opportunity in the heart of Saint Petersburg’s thriving urban corridor. The property will be sold live onsite on Saturday, January 17th at 1 PM, with an opening bid of $1,750,000. The public is welcome to participate, and the sale will be free and clear of all liens.
This property sits at the epicenter of Saint Petersburg’s redevelopment boom, surrounded by new high-end condominiums, apartments, breweries, and retail concepts. DC-2 zoning allows for high-density residential projects and mixed-use developments, making this site ideal for a luxury high-rise, boutique retail, or hospitality concept. The existing open-span building offers flexibility for adaptive reuse, while the flat parcel and clean environmental report streamline development timelines.
Located within walking distance of Central Avenue and Beach Drive, the property benefits from strong pedestrian traffic and proximity to vibrant dining and entertainment destinations. With hundreds of new residential units nearby, this site offers a built-in customer base and exceptional long-term growth potential
This is a rare redevelopment opportunity in the heart of Saint Petersburg’s thriving urban corridor. The property will be sold live onsite on Saturday, January 17th at 1 PM, with an opening bid of $1,750,000. The public is welcome to participate, and the sale will be free and clear of all liens.
This property sits at the epicenter of Saint Petersburg’s redevelopment boom, surrounded by new high-end condominiums, apartments, breweries, and retail concepts. DC-2 zoning allows for high-density residential projects and mixed-use developments, making this site ideal for a luxury high-rise, boutique retail, or hospitality concept. The existing open-span building offers flexibility for adaptive reuse, while the flat parcel and clean environmental report streamline development timelines.
Located within walking distance of Central Avenue and Beach Drive, the property benefits from strong pedestrian traffic and proximity to vibrant dining and entertainment destinations. With hundreds of new residential units nearby, this site offers a built-in customer base and exceptional long-term growth potential
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
3,700 SF
Building Class
B
Year Built
2020
Price
$1,750,000
Price Per SF
$472.97
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.56 AC
Opportunity Zone
Yes
Zoning
DC-2 - Allows for: Intense residential development, and services that support such
Parking
20 Spaces (5.41 Spaces per 1,000 SF Leased)
Frontage
163’ on 16th
AMENITIES
- 24 Hour Access
- Fenced Lot
- Accent Lighting
- Air Conditioning
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-31-16-29718-007-0130 | Improvements Assessment | $257,382 |
| Land Assessment | $1,102,618 | Total Assessment | $1,360,000 |
PROPERTY TAXES
Parcel Number
24-31-16-29718-007-0130
Land Assessment
$1,102,618
Improvements Assessment
$257,382
Total Assessment
$1,360,000
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