2845 Central AVENUE, St. Petersburg, FL, 33713 | $5,275,000

Introducing Driftwood On Central, an exceptional mixed-use building available for purchase. This brand-new architectural gem showcases modern design and holds all necessary permits and certificates of occupancy. In the thriving Grand Central/Kenwood area, this property offers endless potential. With 145 feet of frontage on Central Avenue, it enjoys prime visibility in the vibrant Grand Central District. The building features five residential units, each comprising 12 spacious and beautifully designed bedroom suites. It also boasts five commercial storefronts on Central Avenue, providing excellent opportunities for various businesses. Convenience is paramount, with five attached private garages for residents and businesses. The building encompasses 16, 177 square feet, offering ample space for your vision. Commercial features include 12-foot ceilings, storefront glass, finished baths, fire safety compliance and separate utilities. The residential units offer impact windows, upgraded appliances level two quartz countertops, high ceilings, balconies with a view and modern flooring. Driftwood On Central represents exceptional quality and potential. Don't miss this unique opportunity to own this remarkable mixed-use property. Contact us today to explore this one-of-a-kind offering.

Features

  • Rooms: 4
  • Bedrooms: 12
  • Baths: 12 full / 7 half
  • Lot Size: 145 x 50
  • Laundry: Laundry Room
  • Year Built: 2024
  • Garage: 5-car Under Building
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 16,177
  • Acreage: 0.15
  • Lot Size: 145 x 50
  • Est. Taxes: $0
  • Lot Desc: Corner Lot, City Lot, Sidewalk
  • View: City
  • Appliances: Dishwasher, Microwave, Refrigerator
  • MLS#: U8248354
  • Days on Market: 125 days
  • Website: https://www.raveis.com
    /eprop/U8248354/2845centralavenue_stpetersburg_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/2/2024 9:32:10 AM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 727-898-6800

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888.699.8876

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

2845 Central AVENUE, St. Petersburg, FL, 33713

$5,275,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $4,220,000 $4,220,000 $4,220,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.343% 6.864% 6.725%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $27,021 $27,371 $36,761
Total Monthly Payment $27,146 $27,496 $36,886

* 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.