1510 1st Ave N, St. Petersburg, FL 33705

Exquisite Re-Development Land Play in Downtown St Petersburg

Brand New to Market Opportunity

The Edge Park Place

Our Offering is for an Off-Market Land Play for re-development but also for the option to keep the building for a prime Retail or Restaurant Site. The site consists of a 4,520 FT structure and a Land Mass of 11,400 SF. The Site is off-market for a limited time.

The Site is an exceptional re-development because of the address, the superior zoning, and many entitlements that are in place, already committed, and transferrable.

The Site is considered to be very prime for a Micro Unit Mid-Rise.

In addition to a Re-Development Play, the Site has a strong candidate for the appropriate retailer, restaurant, or bank.

The existing building has excellent construction, but the structure is actually overbuilt. The building was built in 1949 by the local power company at the time, Florida Power. The walls are double thick, being that the concrete blocks were stacked length-wise, making the walls 16 inches thick instead of 8 inches.

The architectural features include an Art Deco facade and two double-door entry with generous floor-to-ceiling retail windows. The interior ceiling heights appear at least 11 feet high.

The building consists of 4,090 sf with an actual basement of 430 sf. The current floor plan starts with a double-door entry that leads into the showroom and front counter area. To the right, there are private offices. Behind the front area is a very sizable open warehouse space. To the left of this area are two private offices or store areas. The stairwell to the basement is in the southeast corner of the building. There is also a loft area above the ceiling line with interesting possibilities.

The property also boasts 30 parking spaces, which is way over sufficient, 7.5 spaces per 1,000 sf.

The Zoning is the best in town, that being DC-1, which allows 3.0 FAR, up to 5.0 FAR bonus approval without a public hearing, and up to &.0 with a public hearing. Maximum building heights start 125 ft, up to 150 ft with streamlined height, and up to 200 ft with a public hearing.

Here is the Code link: https://library.municode.com/fl/st._petersburg/codes/code_of_ordinances?nodeId=PTIISTPECO_CH16LADERE_S16.20.120DOCEDIDC

As a side note, there is currently a Marine Business for Sale in the building that is also available for purchase through a separate transaction.

Here is a brief description plus the website:

The business consists of retail sales to the general public, service of marine equipment, and repairs. The business has an extensive amount of inventory, equipment & tools for service and repair, and very valuable relationships with major marine brands, including dealerships.

https://buildout.com/website/1288621-sale?template_id=5