RETAIL/OFFICE BUILDING ON 5TH AVE N IN DOWNTOWN ST. PETERSBURG FOR SALE!
1601 5th Avenue North
St. Petersburg, FL 33713
Highlights
- AMAZING OPPORTUNITY IN DOWNTOWN ST. PETERSBURG, FL!
- PERFECT FOR OWNER/USER OR INVESTOR LOOKING FOR PRIME REAL ESTATE IN ONE OF THE HOTTEST MARKETS IN THE COUNTRY!
- 2,753 S/F (M.O.L) BUILDING ON THE HARD CORNER OF 5TH AVE N AND 16TH ST!
- SIGNALIZED INTERSECTION WITH AMAZING VISIBILITY!
- 12-MONTH DEFERRAL OF INTEREST PAYMENTS TO HELP BUYERS CASH FLOW SO THEY CAN USE CAPITAL ON IMPROVING THE BUILDING!
- NO INTEREST PAYMENTS FOR THE FIRST 12 MONTHS!
- AMAZING SELLER FINANCING AVAILABLE!
- SELLER FINANCING APPROX TERMS:
- DOWN PAYMENT: $100,000
- 4.5% FIXED INTEREST RATE
- INTEREST-ONLY PAYMENTS
- 3 OR 5-YEAR BALLOON
- I-275 ON RAMP DIRECTLY NORTH OF THE PROPERTY!
- MINUTES FROM THE HEART OF DOWNTOWN ST. PETERSBURG!
Description
EXTREMELY RARE OPPORTUNITY FOR AN OWNER/USER OR AN INVESTOR TO PURCHASE PRIME REAL ESTATE IN DOWNTOWN ST. PETERSBURG, FL. THE PROPERTY IS LOCATED ON THE HARD CORNER OF 5TH AVE N AND 16TH ST, WITH HEAVY TRAFFIC AND AMAZING VISIBILITY FOR ANY BUSINESS! DOWNTOWN ST. PETERSBURG IS ONE OF THE HOTTEST MARKETS IN THE COUNTRY, SEEING MASSIVE GROWTH AND DEVELOPMENT OVER THE PAST 10 YEARS!
THE PROPERTY CONSISTS OF A 2,700 S/F (M.O.L) RETAIL/OFFICE BUILDING PERFECT FOR ANY BUSINESS AND A PARKING LOT WITH 12 SPACES! 5TH AVE NORTH IS ALREADY HOME TO HUNDREDS OF LOCAL BUSINESSES, MAKING THIS A HIGHLY SOUGHT-AFTER LOCATION IN THE DOWNTOWN CORRIDOR. THE PROPERTY SITS AT A SIGNALIZED INTERSECTION WITH AN ON-RAMP TO INTERSTATE I-275 DIRECTLY NORTH OF THE PROPERTY!
AMAZING SELLER FINANCING IS AVAILABLE AT THIS LOCATION. THE OWNER IS OFFERING THE FOLLOWING INCREDIBLE TERMS FOR A POTENTIAL BUYER: $100,000 IN THE FORM OF A DOWN PAYMENT, 4.5% FIXED IR, INTEREST-ONLY PAYMENTS, AND A 3 OR 5-YEAR BALLOON! AND A 12-MONTH DEFERRAL OF INTEREST PAYMENTS, TO ALLOW FOR THE BUYER TO PAY FOR THE CONSTRUCTION COSTS AT THE PROPERTY IN YEAR 1, INSTEAD OF MAKING MONTHLY PAYMENTS TO THE SELLER!
THESE ARE THE BEST TERMS YOU WILL FIND ON THE MARKET CURRENTLY, AND THEY WILL ALLOW AN OWNER/OPERATOR THE ABILITY TO PUT A SMALL AMOUNT DOWN AND USE THE REMAINING FUNDS TO START THEIR BUSINESS OR MAKE IMPROVEMENTS TO RENT THE PROPERTY OUT AS AN INVESTMENT!
LOCATED ON THE HARD CORNER OF 5TH AVE N AND 16TH ST. IN DOWNTOWN ST. PETE.
