MLS® ID: U8022753

922 S 6TH AVENUE

ST PETERSBURG, Florida, 33705

$1,150,000 Pending
  • - SQFT
Situated in an area that has experienced significant commercial and residential redevelopment. This land is in an activity center with state, county and city incentives, see attachments, this is situated in a fabulous redevelopment area at the end of 6th Ave South at the end of the hospital corridor and next to a luxury apartment development, near Tropicana Field with easy access to the I-175/I-275 Interstate system. This is one of the state’s top hospitals that is only a few hundred feet away, with Tropicana Field and Central Avenue in the downtown core within half a mile. The City of St. Petersburg has issued a Zoning Verification Letter for the property, identifying the applicable zoning as CRT-1 (Corridor Residential) with a maximum density of 24 units per acre and now eligible for the height encroachment bonus of an additional 12 feet, till 2021 for approved developments, city verification letter attached. Preliminary site and development research indicate that a building with a ground floor parking area with 2 dedicated spaces per unit, and 3 additional floors, including 4 penthouses for residential units likely presents the greatest development potential with an average of 1,200 square feet per unit, and using an average construction cost of $125 per sq. feet offers a profit margin In an area known for its vibrant downtown core and highest walkability scores in the nation.
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Listing courtesy of PREMIER SOTHEBYS INTL REALTY

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    33705
  • Office name
    PREMIER SOTHEBYS INTL REALTY
  • Subdivision
    BROOKWOOD TERRACE
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Land
  • Elementary school
    Campbell Park Elementary-PN
  • Junior high
    Bay Point Middle-PN
  • High school
    Gibbs High-PN
  • Year built
    0
  • Lot size
    1.10
  • Waterfront
    No
  • Tax year
    2017
  • Agent name
    Kelly Lee McFrederick
  • Tax amount
    $ 3209.0
  • Purchase Type
    Active
  • Price Range
    $1m-$1.25m
  • Square Feet Range
    < 1000 sq ft.
  • Office ID
    260031394
  • Agent ID
    261532262

Location

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