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Map
$2,488,220*
●
Commercial -
Off Market
755 4TH AVENUE N
ST PETERSBURG, FL 33701
Studio
0 Bath
$1,566,000 - $1,914,000
Reference Base Price*
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
See attached intent to approve- across the street construction for
a 7-Story building with 126 dwelling units potentially increasing
the F.A.R. significantly. This parcel 7 blocks from Downtown and 4
blocks from Central Property is zoned DC-2 for condos starting at a
3.0 F.A.R. with 1.0 bonus for enclosed garages, with an additional
3.0 F.A.R. using available city guidelines. The easiest to obtain
4.5 F.A.R. in total = 67,000 sqft building, with lot size
approximately 14,000 sqft allows for 67,000 sqft minus 20% common
area/green space gives an approximate 53,000 sqft building. Final
height allowance to be determined by the City of St. Pete, the
total units with 2 parking spaces is 34 units. Taking a scenario of
34 units to 36 units at an average sqft of 1,170 sq. feet for a
two-bedroom, two bath, two parking spaces total building size of
1,170 x 34 = 40,000 sqft plus 20% common area and green space =
48,000 sqft building. Compare the market @ $300 a sqft with 2
parking spaces for 1,170 sq. feet = average unit sale is between
$360,000 and $400,000 - project sale price @ $400,000 with land
cost being approximately 12% of the sales price. Also an IDEAL
location for very high density paraprofessional (affordable)
housing. Currently site is ready now for a townhome development -
all designs, submittals, plat plan, ready with the City of St. Pete
for permit pickup for 12 units in a non-flood area X. The HOA and
sales contract are in place with projection of sales between $600-
$650,000 per unit.
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$382
HOA Dues
-
Year Built
1926
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 20, 2020 | No longer available | - | |
No longer available | |||
Jul 12, 2019 | Listed | $1,740,000 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Condo
2
Beds
3
Baths
1,935 ft²
$930/ft²
$1,799,000
Jan 19, 2023
-
-
Active
Condo
3
Beds
3.5
Baths
2,167 ft²
$844/ft²
$1,829,000
Jan 19, 2023
-
-
In Contract
Condo
2
Beds
2
Baths
2,265 ft²
$816/ft²
$1,849,000
Aug 20, 2022
-
$1,347/mo
In Contract
Townhouse
4
Beds
4
Baths
3,174 ft²
$504/ft²
$1,600,000
Feb 1, 2022
-
$2,387/mo
In Contract
House
4
Beds
3
Baths
2,870 ft²
$556/ft²
$1,595,000
Dec 8, 2022
-
$1,106/mo
Active
Condo
2
Beds
2.5
Baths
1,431 ft²
$1,083/ft²
$1,550,000
Jan 4, 2023
-
$4,650/mo
Active
Condo
3
Beds
2.5
Baths
2,127 ft²
$705/ft²
$1,500,000
Dec 21, 2022
-
$1,958/mo
Condo
3
Beds
3
Baths
2,156 ft²
$916/ft²
$1,975,000
Jan 18, 2023
-
$2,067/mo
Active
Condo
2
Beds
2
Baths
2,048 ft²
$977/ft²
$2,000,000
Jan 3, 2023
-
$1,884/mo
Active
Condo
3
Beds
3.5
Baths
2,845 ft²
$703/ft²
$1,999,900
Oct 21, 2022
-
-
Active
Multifamily
4
Beds
-
2,976 ft²
$487/ft²
$1,450,000
Feb 9, 2023
-
$1,297/mo
Active
Condo
2
Beds
2.5
Baths
1,431 ft²
$978/ft²
$1,400,000
Oct 31, 2022
-
$1,466/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
07/12/2019
|
|
Studio
|
-
|
-
|
$1,740,000
Studio
-
|
-
-
|
-
|
Kelly Lee McFrederick
PREMIER SOTHEBYS INTL REALTY
|
Building Info
About Downtown St. Petersburg
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