Retail•Restaurant•For Sale

1101 1st Ave N Retail - Restaurant

1101 1st Avenue North, Saint Petersburg, Florida 33705

Sale Price $1,550,000
Sale Type Investment
Bldg Type Multi-Tenant
Class C
Status Existing
Year Built 1954
Stories 1
Market Tampa/St. Petersburg
Sub-Market St. Petersburg CBD
The 4446 sf building sits on a 9750 sf lot with 16 parking spaces. This property is perfect for a restaurant, as it already has a full kitchen and bar. There is potential for multiple tenants if the building is divided into 2 or more spaces. It's located 1 block from Central Ave in the Edge District in the heart of significant economic growth. 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
  • Perfect for a restaurant and has full kitchen and bar
  • Located in a newly designated Opportunity Zone
  • Can be divided to accommodate more than one tenant
  • Potential for rooftop dining and service
  • 16 parking spaces
  • 1 block from Central in the Edge District
  • High visibility
  • High walkability score

1 Spaces

1
7/24/2018 12:00:00 AM 7/24/2018 9:16:07 PM

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