St Petersburg Cross City Center

1741 16th Street South Saint Petersburg, FL 33712

1741 16th Street South, Saint Petersburg, FL, 33712
FRONT EXTERIOR VIEW
1741 16th Street South, Saint Petersburg, FL, 33712 1741 16th Street South, Saint Petersburg, FL, 33712 1741 16th Street South, Saint Petersburg, FL, 33712 1741 16th Street South, Saint Petersburg, FL, 33712 1741 16th Street South, Saint Petersburg, FL, 33712
FOR SALE
Property Type:
Street Retail
Amount:
$99,000
Last Verified:
Oct 31, 2023

Highlights

  • Florida Real Estate
  • St Petersburg Market
  • Retail / Office / Service
  • Live / Work Unit
  • 16th Street Address
  • Income Property
  • Under 100K
  • Only $55.00 psf
  • Absolutely the Lowest Priced
  • Building in St Petersburg, Florida

Description

THIS IS "THEE" LEAST EXPENSIVE BUILDING in the city limits of St Petersburg, Florida. St Petersburg Retail & Apartment For Sale.
Our Offering is for an 1800 sf Retail/Office/Apartment Building on a 4,812 sf Lot. The layout consists of a front portion 1200 sf for Retail or Office, plus a 600 sf apartment in the rear. The Apartment is allowable for Section 8 if you wish. This could also be a great Live/ Work scenario for a Tenant/User or Owner Occupied. The Site is on a strip filled with Retail, Restaurants, Services, and Offices. The Pro Forma calculations show a 12% Return. The Site may also be suitable a service industry business like AC Service, small manufacturing like coffee bean roasting, Salon services, and more. Please take note this Commercial Real Estate is only $58.00 per square foot.
St Petersburg Commercial Property / St Petersburg Retail

Location Description: The Site is located on 16th Street South on the west side street at 1741. The Address is located between 17th Ave South and 18th Ave South. 16th Street South is a major North - South corridor and 18th Avenue South is a significance East - West corridor. The Site is only 4 minutes to Downtown St Pete, the Hospitals and the Colleges.


Year Built: 1948
Building Size: 1800sq ft
Lot Size: 0.11 acres

Map of 1741 16th Street South, Saint Petersburg, FL, 33712

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.