1900 16th St N
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1900 16th St N
28,752 SF 100% Leased Retail Building Saint Petersburg, FL 33704 £797,200 (£28/SF)
Investment Highlights
- Excellent Visibility
- Sold via Online Auction
- Prime Redevelopment Opportunity
Executive Summary
FOR SALE BY COURT APPOINTED RECEIVER
Online bidding only. Auction ends Tuesday, August 6th @ 2PM
Located in the heart of St. Petersburg, FL, this 0.88 acre parcel includes two retail buildings totaling 30,090 SF. There is currently one tenant, occupying only ~2,000 SF, on a month to month lease providing investors with a compelling opportunity to reposition the property or redevelop the site. This high profile location provides excellent visibility while fronting 16th, 18th and 20th Avenues, and is perfect for a wide variety of uses including retail, office, multifamily, or flex. The property is being sold free and clear of all liens and encumbrances by the Court Appointed Receiver.
Property will be sold 100% AS-IS, free and clear of all liens, with property taxes prorated and paid off to the day of closing. Seller may, in its sole discretion, accept or reject any bid or offer for any reason, at any time, without notice. No representations, warranties, or guarantees. A 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.
Please click the below link for additional sale terms and requirements at www.ForeclosureAuctions.com.
Bang Realty-Naples Inc (AU5131)
Online bidding only. Auction ends Tuesday, August 6th @ 2PM
Located in the heart of St. Petersburg, FL, this 0.88 acre parcel includes two retail buildings totaling 30,090 SF. There is currently one tenant, occupying only ~2,000 SF, on a month to month lease providing investors with a compelling opportunity to reposition the property or redevelop the site. This high profile location provides excellent visibility while fronting 16th, 18th and 20th Avenues, and is perfect for a wide variety of uses including retail, office, multifamily, or flex. The property is being sold free and clear of all liens and encumbrances by the Court Appointed Receiver.
Property will be sold 100% AS-IS, free and clear of all liens, with property taxes prorated and paid off to the day of closing. Seller may, in its sole discretion, accept or reject any bid or offer for any reason, at any time, without notice. No representations, warranties, or guarantees. A 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.
Please click the below link for additional sale terms and requirements at www.ForeclosureAuctions.com.
Bang Realty-Naples Inc (AU5131)
Property Facts Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
28,752 SF
Building Class
C
Year Built
1950
Price
£797,200
Price Per SF
£28
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.75
Lot Size
0.88 AC
Zoning
CCT-1 Corridor Commercial - CCT-1, Corridor Commercial Traditional
Parking
40 Spaces (1.39 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 13-31-16-00000-210-0500 | Improvements Assessment | £550,577 |
| Land Assessment | £414,035 | Total Assessment | £964,612 |
PROPERTY TAXES
Parcel Number
13-31-16-00000-210-0500
Land Assessment
£414,035
Improvements Assessment
£550,577
Total Assessment
£964,612
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1900 16th St N
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