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Gelfand Realty Miami Properties - Multi Family

200 16TH N, ST PETERSBURG, FL 33705

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Multi Family - FULLERS SUB

200 16TH N, ST PETERSBURG, FL 33705

Sold Price$955,000 Asking Price$1,000,000

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  • Days on market:

    29 day(s)
  • Original Price:

    $850,000
  • Price per sqft:

    $270.27
  • Tax Legal Description:

    FULLER'S SUB BLK 7, LOTS 13, 14, 15 & 16 LESS PT DESC BEG SW COR OF LOT 13 TH N ALONG W LINE 40FT TH SE'LY 155.24FT TO SE COR OF LOT 15 TH W ALONG S'LY BNDRY OF LOT SD LOTS 13 & 14 150 FT TO POB & FULLER'S SUB BLK 7, PART OF LOT DESC BEG NE COR OF SD LOT 12 TH S 47FT TH N71D21'48"W 30FT TH N 30FT TH E 50FT ALG N LOT LINE TO POB
  • Tax Year:

    2017
  • Property Type:

    Multi Family
  • Waterfront:

    Yes
  • Waterfront Description:

    Creek
  • Construction Type:

    Block
  • Roof:

    Built-Up
  • Cooling Description:

    A/C - Office Only
  • Special Listing Conditions:

    None
  • Lot Features:

    City Lot

Description

$1,000,000 • living size area 3700 sqft • waterfront access

Redevelopment opportunity! this property is located in a designated opportunity zone & eligible for tax incentives including a capital gains deferment under the december 2017 tax cuts and jobs act. the 3700sf building sits on 0.56 acre (mol). dc-2 zoning allows restaurant, retail, drugstore/pharmacy, office, hotel, live/work, etc (microbrewery is a special exception). the property is bordered by booker creek adjacent to a new $55 million mixed-use project. it has excellent visibility and is 1 block from the popular edge & grand central districts in an area experiencing significant economic growth. daily traffic count is approx. 13,324. this offering consists of 2 parcels which will be sold together.

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