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661 16th St N 0.59 Acres of Commercial Land Offered at $2,723,895 CAD in Saint Petersburg, FL 33705
INVESTMENT HIGHLIGHTS
- Ready for Townhome or Medical Office Development
- Floor Area Ratio (FAR) in place of 2.5 allowing over 60,000 Sq. Ft.
- Zoning IN Place
EXECUTIVE SUMMARY
Zoning IS in place for the above referenced uses. No variance is required for the 2.5 F A R. Thus entitlements are in place. "IF" a developer or user needs variances to enhance the usability of the site, Seller is open to providing the needed time in order to obtain approvals. Please note, listing agent has an ownership interest in property. Managing Member of Selling entity has their 10,000 Sq. Ft. office directly west across 16th Street. What this means, we are interested in knowing what is planned for the property that we will be looking at until we retire. We have had our professional offices located across the street since 2006. For us the location has been extremely convenient to our home in NE St. Petersburg, Shorecrest Preparatory School, Tampa / TIA, Vinoy, SPYC, downtown restaurants, Rays Games etc. There have been a number of people that work for the law firm that travel from Tampa. Access to the on and off ramps for I 275 at 5th Avenue has been very helpful. Not many brokers selling real estate have worked adjacent to a property for going on 20 years. If we were not happy with this location, we would have moved long ago. St. Anthony's Hospital has invested 10's of millions in multiple expansions since we first renovated our building.
PROPERTY FACTS
| Price | $2,723,895 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.59 AC |
| Property Type | Land | ||
| Zoning | CRT-1 - Corridor Residential Tradition | ||
| Price | $2,723,895 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.59 AC |
| Zoning | CRT-1 - Corridor Residential Tradition |
1 LOT AVAILABLE
Lot
| Price | $2,723,895 CAD | Lot Size | 0.59 AC |
| Price Per AC | $4,620,435.89 CAD |
| Price | $2,723,895 CAD |
| Price Per AC | $4,620,435.89 CAD |
| Lot Size | 0.59 AC |
Site is flat and has good frontage on both 16th Street and 7th Avenue North. Like most of St. Petersburg, utilities are to site and in use today. Seller has new survey with topo. Site has 120 Feet of Frontage on 16th St and 214 Feet on 7th Ave. N.
DESCRIPTION
Located at 661 16th Street North in Saint Petersburg, Florida, this site offers a flat, well-positioned parcel with dual frontage along 16th Street and 7th Avenue North. The property spans approximately 120 feet on 16th Street and 214 feet on 7th Avenue North, providing excellent visibility and access from two key corridors. Utilities are already in place and active, ensuring immediate functionality for future development. The site lies within the St. Anthony’s Hospital Overlay District, which allows a Floor Area Ratio (FAR) of 2.5. This zoning framework supports a wide range of uses, including townhomes, apartments, medical offices, or mixed-use configurations with flexible commercial spaces. With entitlements already secured, no variance is required for the FAR, streamlining the development process. For projects requiring additional adjustments, the seller is open to allowing time for approvals. The surrounding area reflects a strong mix of healthcare, professional offices, and residential neighborhoods. St. Anthony’s Hospital has undergone significant expansions in recent years, reinforcing the district’s vitality. The property benefits from proximity to major destinations such as downtown St. Petersburg, Shorecrest Preparatory School, and Tampa International Airport, as well as convenient access to I-275 via 5th Avenue ramps. This connectivity supports both local and regional commuting patterns. The location has long been favored for professional use, evidenced by the seller’s own offices situated directly across 16th Street since 2006. Nearby amenities include restaurants, cultural venues, and recreational attractions like Rays baseball games, making the site well-suited for a variety of community-oriented developments.
PROPERTY TAXES
| Parcel Number | 13-31-16-10065-000-0010 | Improvements Assessment | $136,127 CAD |
| Land Assessment | $699,610 CAD | Total Assessment | $835,737 CAD |
PROPERTY TAXES
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661 16th St N
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