Downtown St. Pete Multifamily Development
Land | 0.19 acres
Marketing description
DRC APPROVED PLANS FOR 7 STORY, 33 UNIT MULTIFAMILY PROPERTY AVAILABLE - Bridgewater Commercial Real Estate is pleased to present 630 4th Ave S, a development opportunity in the heart of downtown St. Petersburg, Florida. Potential Buyers can either pick up the proposed development on page 5 of the Offering Memorandum attached, or take advantage of the DC-2 zoning to build 26,445 SF across a four-story wood frame structure over a concrete garage. The proposed development includes plans for a 7 story, 33 unit Multifamily property consisting of 11 2 Bed / 2 Bath units with balconies, 22 1 Bed / 1Bath units with balconies, a 16 space parking garage, a leasing center, two stairways and an elevator, and a fitness center and lounge with a roof deck.
The property sits in the heart of Downtown St. Petersburg, Florida, allowing future tenants to take advantage of an easily walkable city, sitting only a mile from The Dali Museum, The St. Pete Pier, USF St. Pete Campus, the Mahaffey Theater, the Tropicana Field (home of the Tampa Bay rays and future Gas Plant District redevelopment project), and more.
Investment highlights
Architectural plans & DRC approved site plan available for a 7 story, 33 unit multifamily property
DC-2 zoning allows for a wide variety of uses and developments
Buried power lines for three-phase power available
Curb storage along 4th Ave S available for construction equipment
Strong surrounding demographics
Located within walking and biking distance of Downtown St. Pete, St. Pete Pier, Tropicana Field, USF St. Pete, Johns Hopkins, and more
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