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5201 66th STREET N, St. Petersburg, FL, 33709 | $1,650,000
PRIME COMMERCIAL REAL ESTATE - With many redevelopment options, with 66th St. being a main road right through the middle of the county. This provides a great opportunity for high sales producing traffic for any new business!
WAWA has one of their newest Pinellas County locations right across the street. Obviously, their knowledge of demographics shows you that this is great location for future business of any kind.
In addition, the highly trafficked 66th St. goes right thru the heart of Pinellas and this property is located immediately South of 54th Ave. , right next door to Planet Fitness. As you know, WAWA, McDonalds, Planet Fitness, CVS & Walgreens do extensive demographic research on where the best locations are for their companies and you can be right in the middle of it all because those are your neighbors.
There is currently an automotive repair shop with an included car dealership in business on this site (Same owner). However, the business can be removed and an empty shell left within 2 weeks.
Should the new owner want to keep the repair equipment in the building as part of the deal, that can be arranged to be included in the negotiations of the sale.
This lot is zoned C2 - General Commercial. That means it is approved to build commercial projects such as multi-family homes (up to 3 stories), medical suites, retail, storage facility, car washes, etc. This is a perfect spot to maximize the opportunity on a major road with a traffic count of 39, 500+ vehicles passing by this location on a daily basis.
The city will allow multi-family up to 21 units & 3 stories high to be built on this lot. With rents in Pinellas County for just 2 bedroom 1 bath apartments around $2, 500/mo. , thats an annual income of over $630, 000. Factor in your build & other costs and let’s see if we can put a deal together.
Feel free to drive by and check out the location, do not bother the owner of the repair shop or his staff. All interactions, showings, etc. should be handled directly with listing agent.
Features
- Property Type: Mixed Use
- Construction: Block
- Garage: Over 30 Spaces, RV Parking, Secured
- Levels: 1
- Cooling: Central Air
- Lot Size: 150 x 258
- Year Built: 1956
- Approx Sq. Feet: 2,100
- Acreage: 0.86
- Est. Taxes: $17,049
- MLS#: TB8359503
- Days on Market: 3 days
- Website: https://www.raveis.com
/prop/TB8359503/520166thstreetn_stpetersburg_fl?source=qrflyer
Listing courtesy of eXp Realty Phone: 727-410-7482
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
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!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5201 66th STREET N, St. Petersburg, FL, 33709
$1,650,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,320,000 | $1,320,000 | $1,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 6.500% | 6.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.046% | 6.634% | 6.575% |
| Monthly Tax Payment | $1,421 | $1,421 | $1,421 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,452 | $8,343 | $11,408 |
| Total Monthly Payment | $9,998 | $9,889 | $12,954 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388