Special Purpose•Hospitality•For Sale

EDGE DISTRICT HOTEL OPPORTUNITY

936 1st Avenue North, Saint Petersburg, Florida 33705

Sale Price $2,625,000
Sale Type Investment
Bldg Type Single-Tenant
Class C
Status Existing
Year Built 1924
Stories 4
Market Tampa/St. Petersburg
Sub-Market St. Petersburg CBD
This is an amazing opportunity to develop a boutique hotel in the heart of St. Pete's booming Edge District. The property is surrounded by multiple new luxury apartment developments as well as the city's most sought after pedestrian friendly retail offerings. IMPORTANTLY, this property is located in the newly designated OPPORTUNITY ZONE (designated by the Governor) and is eligible for capital gains deferment and possible elimination under the new JOBS and TAX act, signed by the President in December 2017. Below are two links (to copy and paste) that direct you to the Florida Department of Economic Opportunity as well as the map showing the property in the zone. Florida Department of Economic Development Link: http://www.floridajobs.org/business-growth-and-partnerships/for-businesses-and-entrepreneurs/business-resource/opportunity-zones Opportunity Zone Link: https://esrimedia.maps.arcgis.com/apps/View/index.html?appid=77f3cad12b6c4bffb816332544f04542
  • Excellent location in heart of Edge District
  • Located in a newly designated Opportunity Zone
  • Attractive architecture
  • Super-adequate off-street parking
  • Zoned DC-1 with FAR up to 7.0
7/24/2018 12:00:00 AM 7/24/2018 6:46:08 PM

LEAVE A MESSAGE

0/100
Human? type 745 below...