Unique Mixed-Use Property on a Corner Lot – Perfect for Home-Based Business or Investment!
This exceptional property, located at the corner of 46th Avenue and 69th Street North, St. Petersburg 33709, offers a unique and versatile opportunity for home-based businesses, investors, or dual-use living. The property features two separate buildings: a 995 sqft residential building with block construction, 2 bedrooms, 1 bath, and a 1-car garage, and a 676 sqft commercial building with a half bath, perfect for a small business or office. Zoned for both commercial and residential use (C-1) in unincorporated Pinellas County, this property is ideal for someone wanting to live on-site and run a small business from the commercial building, which was previously used as a hair salon. The commercial space also offers the potential to be converted into an in-law suite.
With ample outdoor space to store an RV, boat, or work trucks, and great traffic visibility, this property is positioned for business success. Its prime location close to Bay Pines VA Hospital and the Gulf Beaches provides easy access to essential amenities and recreational areas. High traffic visibility ensures excellent exposure for commercial endeavors. The mixed-use zoning provides flexible options for investment buyers, and the property benefits from homestead exemption for the single-family residence, making it appealing for owner-occupiers.
Additionally, the seller is offering OWNER FINANCING with 25% down, making this an even more attractive opportunity. This property’s unique setup, combined with its prime location and mixed-use zoning, makes it an ideal choice for a variety of potential uses. Don’t miss this rare opportunity to own a versatile and valuable piece of real estate in St. Petersburg!
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William Raveis Real Estate
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Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $351,600 | $351,600 | $351,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $166 | $166 | $166 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,369 | $2,337 | $2,965 |
Total Monthly Payment | $2,610 | $2,578 | $3,206 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.