Property Description

This is a great opportunity for investment! Building is now in the Lealman Community Redevelopment Area! Listing comes with the main lot (total of 3 lots) that has frontage on 34th St. N. There is currently a motel on the commercial lots with several options. Option 1: Revive as an active Hotel with 11 units plus an owners unit all in good shape for a 17% CAP Rate. Option 2: Build an identical building on other side of lot to double capacity along with a pool in the back between the two structures. Option 3: Augment the existing units to longer term rentals. Option 4: Redevelop the parcel. Option 5: Non profit housing. All the units are furnished and ready to be rented with minor updates. Option 6: for an additional $250,000 add the residential lots behind the commercial lot, for a total of 2 houses and 7 lots. There are two residential lots per house, for a total of 4 residential lots. The residential lots will have to be converted into commercial usage, but could then be combined for one large commercial lot. All lots combined are just under one acre.

Features
: Fuel - electric
: Membrane
: Public utilities, Public sewer, Cable available, County water
: Fenced
No
No
No
Block
Click here
Location
US
FL
Pinellas
ST PETERSBURG
33714
FRUIT HAVEN
5700 34TH ST N
Located on the west side of 34th Street in St. Petersburg AKA US 19
Additional Information
12
Other
Annual
$4,475
2017
2 Levels
David Parker
34-30-16-29628-004-0100
C-2
16,949 Sqft
: Street paved, Sidewalk, Close to bus line, In county, Room for pool
Charles Rutenberg Realty Inc
David Parker

Income For sale

5700 34TH STREET N, ST PETERSBURG, Florida 33714

0.39 Acre
$750,000
MLS# #U7846749
Basic Details
Property Type : Income
Status : Active
Property Style : Five or More
Listing Type : For sale
MLS# : U7846749
Price : $750,000
Price per SqFt : $148
Sq Ft Heated : 5,076 Sqft
Square Foot Source : Public records
Year Built : 1956
Acres : 0.39 Acre
Agent info
Realtyna LLC
113 Barksdale Professional Center, Newark, DE, 19711
Contact Agent