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425 3RD ST N, ST PETERSBURG, 33701

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property details

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list price :
$899,000
year built:
1925
sqft gross:
4,170
sqft heated:
3,812
county:
lp / sqft:
$235.83
net leasable sqft:
3,812
availablity:
N/A
new construction:
No
location:
style :

Location, Location, Location!!! Great 1031 and future redevelopment opportunity. This exceptional property offers a 5-7% cap rate which is outstanding for this market. The property, location and DC-2 Zoning offer an array of income possibilities that are only limited by your creativity. It is currently being operated as a fully furnished and appointed short term rental; however, it can be used for long term rentals, office, or retail. Many updates including new windows, kitchens, bathrooms, paint, updated electrical and plumbing systems. Located across the street from the Palladium and four blocks from Beach Dr. and the world renowned Vinoy Resort and Yacht Basin. Zoned DC-2, this district provides for intense residential and commercial development that still allows for a mixture of uses that enhance and support the core and surrounding neighborhoods. Owner is a licensed Florida Real Estate Broker.

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