414 23rd Avenue S, St Petersburg, FL 33705

Property Description

Mixed use site on busy urban corridor just 5 minutes from Downtown St Pete and even closer to the recently approved mixed use redevelopment of Tropicana Field! Land ready for development in the heart of St Pete is scarce. This is a great opportunity for a developer looking to start a project asap! Just minutes from Ark Investments new headquarters at the tech startup incubator/Tampa Bay Innovation Center, this corridor is quickly transitioning to the the next developed residential/commercial area of St Pete's urban core. The property is zoned CRT-1 with an option to change to CRT-2. Architectural schematic design plans have been developed by seller to maximize density and space on the site. Great location with multi-family rents in the area ranging from $1,500+ per bedroom. This area is primed for new development with new construction projects underway all along the 4th st corridor. Site environmental Phase 1 & 2, survey and schematic development plans have been done and will be made available to buyer with POF, LOI or executed purchase contract. This will reduce time and costs for the buyer during due diligence. Will allow 30 days for due diligence and 30 days to close. $100k in escrow deposit required. Don't miss this opportunity to be part of the rapid growth of St Pete!