St. Pete Beach: Mixed Use Redevelopment

Located in the City of St. Pete Beach, the properties comprise 6 contiguous lots designated as 5 individual tax parcels. The property has access points from 59th Avenue, Gulf Boulevard, 60th Avenue and Gulf Winds Drive.Introducing a mixed-use redevelopment opportunity in the heart of St. Pete Beach, Florida. This portfolio of properties is being offered off-market only. Potential seller financing is available for highly qualified buyers. The properties comprise 6 contiguous lots designated as 5 individual tax parcels. There are five structures with a combined total of 8,694 heated square feet. The property has access points from 59th Avenue, Gulf Boulevard, 60th Avenue and Gulf Winds Drive. Currently utilized as a combination of retail and residential buildings with 48,325 SF of land for redevelopment. The prime location presents a lucrative redevelopment opportunity with heavy traffic and visibility on Gulf Boulevard, just one block from the beach. The property is surrounded by high income demographics, heavy tourism and successful high-end retail. The CC-2 zoning allows for mixed use development to include office or retail on the ground floor with residences on the second and third floor. The area fosters a pedestrian-friendly environment, allowing for residential uses as part of a mixed-use development. Initial site and zoning review indicates a potential for approximately 22,000 SF of residential for 13 units and over 10,000 SF of commercial supported by more than 85 parking spaces and a park for residents and pedestrians. Existing tenants are open to relocation and/or lease buyouts depending on existing lease terms and renewals currently in place. Additional information and price guidance is available by request with a signed NDA.