1401 5th Avenue NSt Petersburg, FL 33705MLS Number U8214437

Entire block in downtown St. Petersburg New zoning approved in May allows for 54 units with 10% work force housing. Zoning CRT-1 & NSM-1. Zoning was approved WITHOUT site plan. This property is right next door to St Anthony's Hospital, the #1 Hospital in St Petersburg and is listed in the top few Hospitals in the State. St Anthony's continues to grow and is completing a $158 Million expansion. We have allowed the contractors to use our parking lot for their vehicles. Facts of interest: 1- All property & buildings on 14th, from 5th Ave to 7th Ave. 2- The current annual income from the multifamily properties is$167,250 gross with a net of $96,000. 3- The office building has 14,000 sq Feet and a potential of $180,000 income when fully rented. 4- Almost 2 acres in prime downtown St. Pete core. You will see from the attached map that this collection of various properties is well situated for development. The property carries itself nicely until you are ready to develop it. It is only 3 minutes from the expressway entrance. St Petersburg is going through a major turn around at the moment and this city block, next to the hospital, has tremendous future possibilities. St Petersburg Florida is an exciting growing city. The city is needing apartments and condos. They also want to develop workforce housing as part of new projects. We are located on 14th Street North and the city is moving our way. This property is an opportunity to build next to one of the largest hospitals in Florida.