Special Purpose
Hospitality

EDGE DISTRICT HOTEL OPPORTUNITY

936 1st Avenue North,  Saint Petersburg, Florida 33705

For Sale

$2,625,000

About 936 1st Avenue North

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
Investment
Single-Tenant
C
Existing
1924
4
Tampa/St. Petersburg
St. Petersburg CBD
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
Attachments & Links
Brokerage Website
Brokerage Website Property Link
Department of Economic Development Website
Opportunity Zone Map

John Barkett

Broker, Owner

Barkett Realty

615 9th Street N
St. Petersburg, FL 33701


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