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425 2nd St N
Saint Petersburg, FL 33701
Park Plaza Apartments · Multifamily Property For Sale
·
22 Units
Investment Highlights
- 22-unit Multifamily Community in Downtown St. Petersburg, FL
- Estimated to be Able to Construct a 14-20 Story Building with Ground-Floor Retail & Luxury Residential with Water Views
- Great Candidate for Furnished Corporate Rental or Short-Term Rental Operator
- Significant Development Potential with DC-2 Zoning Allowing for Max. Building Height of 200 Ft
- Covered Development Play with In-Place Cash Flow & Ability to Achieve 5% Pro Forma Cap Rate as Existing Long-Term Rentals
- Located in the Urban Core of Downtown St Pete; Walkable to High-End Restaurants & Retail Along Beach Dr, Vinoy Park & the Brand New $80M St Pete Pier
Property Facts
| No. Units | 22 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 9,072 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1956/2022 |
| Building Class | C | ||
| Zoning | DC-2, St Pete - Downtown Center | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,072 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1956/2022 |
| Zoning | DC-2, St Pete - Downtown Center |
Amenities
Site Amenities
- Business Center
- Courtyard
- Laundry Facilities
- Gated
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | - | - |
Property Taxes
| Parcel Number | 19-31-17-74466-003-0090 | Improvements Assessment | $1,120,830 |
| Land Assessment | $1,679,170 | Total Assessment | $2,800,000 |
Property Taxes
Parcel Number
19-31-17-74466-003-0090
Land Assessment
$1,679,170
Improvements Assessment
$1,120,830
Total Assessment
$2,800,000
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