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Greenland Apartments 500 Bayview Dr NE 8 Unit Apartment Building For Sale Saint Petersburg, FL 33704
INVESTMENT HIGHLIGHTS
- Prime opportunity to either renovate existing units, or redevelop either another Multifamily property, Single Family Homes, or other allowed uses
- NSM-1 zoning allows for Single Family homes, Multifamily dwellings, Assisted Living Facilities, Adult Daycare, Country Clubs, Schools, and more
EXECUTIVE SUMMARY
PRIME DEVELOPMENT OPPORTUNITY - Bridgewater Commercial Real Estate is pleased to present 500 Bayview Dr NE to the market – an 8 unit multifamily property in the heart of Snell Isle. The property consists of two separate quads sharing a parking lot, located directly across the street from the water. Buyers have the option to renovate three of the units on the first floor and continue operating the property as a traditional multifamily investment, or take advantage of the NSM-1 zoning and redevelop on over a half-acre lot in one of St. Pete’s most sought after neighborhoods.
DATA ROOM Click Here to Access
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 0.57 AC |
| No. Units | 8 | Building Size | 13,032 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Low-Rise | Parking Ratio | 1/1,000 SF |
| Building Class | C | ||
| Zoning | NSM-1 - Neighborhood suburban multifamily district intended for housing in a suburban context | ||
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 13,032 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1/1,000 SF |
| Zoning | NSM-1 - Neighborhood suburban multifamily district intended for housing in a suburban context |
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PROPERTY TAXES
| Parcel Number | 09-31-17-24606-000-0070 | Improvements Assessment | $1,035,499 CAD |
| Land Assessment | $2,278,260 CAD | Total Assessment | $3,313,758 CAD |
PROPERTY TAXES
Parcel Number
09-31-17-24606-000-0070
Land Assessment
$2,278,260 CAD
Improvements Assessment
$1,035,499 CAD
Total Assessment
$3,313,758 CAD
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Greenland Apartments | 500 Bayview Dr NE
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