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Gelfand Realty Miami Properties - Retail

2430 CENTRAL, ST PETERSBURG, FL 33712

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Retail -

2430 CENTRAL, ST PETERSBURG, FL 33712

Sold Price$662,800 Asking Price$684,500

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  • Days on market:

    30 day(s)
  • Original Price:

    $684,500
  • Price per sqft:

    $200.97
  • Tax Legal Description:

    ST PETERSBURG INVESTMENT CO SUB BLK 22, LOT 4
  • Tax Year:

    2016
  • Property Type:

    Retail
  • Parking:

    6 to 12 Spaces
  • Lease Term Remaining:

    24 Months
  • Construction Type:

    Block
  • Roof:

    Built-Up
  • Cooling Description:

    Central AirWall/Window Unit(s)
  • Heating Description:

    ElectricCentralWall Units / Window Unit
  • Floor Description:

    Laminate Tile
  • Special Listing Conditions:

    None
  • Lot Features:

    SidewalkCity Lot Historic District

Description

$684,500 • living size area 3406 sqft

If st. petersburg’s grand central district was a “downtown” in a town called “kenwood” then this would be the block at “1st street & main! the grand central redevelopment plan was conceived in 1999 & after 18 years, the golden era of the grand central district has begun! over $1.3 million in “street scape” improvements, on the two (2400 & 2500) blocks directly in front of this building, will shortly be 100% complete! now’s your chance to be on the ground floor of this newest hot market! in grand central an updated & 100% leased commercial/residential building! 5 income units - 3 stores +2 apts+750 sf deck+6 parking spaces! the sellers, dr james & barbara lewis purchased this 3,406 sf commercial/residential building in 2011 to be the perfect business locations for barbara’s “painting with fire” artist studio & retail store and to be dr lewis’ office. on the 2nd floor, one of the 2 apts was a great home for their son. immediately in 2012, they hired one of st. pete’s most renowned architects, richard jager, and over 4 years made extensive improvements & updates totaling $163,700 (see attached list of updates/ improvements) using only highly recommended licensed contractors. now, however, dr lewis is semi-retiring & barbara no longer needs her retail store to sell her art. so, they have 100% leased all 3 stores & 2 apartments (see 2016-2017 attached lease/income schedule) & wish to sell it quickly! and they will consider financing w/25%-35% down! great income/investment opportunity! will not last long!

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