Land Available For Lease @ 414 23rd Ave S

Exquisite Land Play and Existing Multi-Family
Harbordale Square Development
This Previous On-Market Site is being offered Off-Market at a Discounted Price

Harbordale Development consists of 31,000 sf of Land mol on the west side of 4th Street South near Downtown St Petersburg, Fla. The site sits just South of the significant lighted intersection of22nd Ave South and 4th Street. The Site currently has operating Multi-Family Units that may be kept and added to OR cleared for new development.

The Zoning is CRT-1, the purpose of the CRT district is to encourage the development of townhomes, condominiums, apartment buildings, and mixed-use buildings that are appropriately scaled to the context of the corridor.

All utilities are already on Site.

The City of St Pete is encouraging development on this corridor and would assist in Planning.

The Proximity is stellar - being walking distances from the Downtown Business Core, University of South Florida Campus, John Hopkins All Children's Hospital, Bayfront Hospital, the Waterfront, and All of Downtown Major Employers.

As mentioned - the Site does house 9 residential units grossing $6,000.00 per month. It appears the property may produce a 6 or 7% Cap Rate as is, still leaving over half land vacant and available for development.



Location Description: The Site is located in the very desirable city of St Petersburg, Florida. The property is on the famed commercial corridor of 4th Street on the 2300 block, the actual address 414 23rd Avenue South.

The Property sits on the west side of 4th Street South at the intersection of 23rd Ave South * One Block south of a major lighted intersection of 22nd Ave South. 4th Street is one of St Pete's most prosperous North/South corridors.

One minute to Downtown, Hospitals, USF, Waterfront, and the Interstate. Located less than one minute to Key Neighborhoods like - Old SouthEast * Driftwood * Roser Park * Ling-A-Mor * Tropical Shores * Big Bayou *

31,000 sf of Land plus 9 rental units on 4th Street South.

Jon Reno La Budde is the Leading Agent for this Listing Please contact at 727-510-1921 or LaBuddereno@aol.com This space offers accomodations for: multifamily.