7.25 acre site - st. petersburg for sale...st. petersburg, fl property use code/zoning per pinellas...

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4332 54TH AVENUE NORTH | ST. PETERSBURG, FL 7.25 ACRE SITE - ST. PETERSBURG FOR SALE www.cbre.us/tampa 54TH AVENUE NORTH 45TH STREET NORTH CSX RAIL LINE OFFERING MEMORANDUM

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Page 1: 7.25 ACRE SITE - ST. PETERSBURG FOR SALE...St. Petersburg, FL Property Use Code/Zoning Per Pinellas County, Florida is 91 or Utilities Parcel ID 03-31-16-00000-220-0100 15,494 SF Total

4332 54TH AVENUE NORTH | S T. P E TERSBURG, F L

7.25 ACRE SITE - ST. PETERSBURG F O R S A L E

w w w. c b r e . u s / t a m p a

54TH AVENUE NORTH

45TH

STR

EET

NO

RTH

CSX RAIL LINE

OFFERING MEMORANDUM

Page 2: 7.25 ACRE SITE - ST. PETERSBURG FOR SALE...St. Petersburg, FL Property Use Code/Zoning Per Pinellas County, Florida is 91 or Utilities Parcel ID 03-31-16-00000-220-0100 15,494 SF Total

TABLE OF CONTENTS

The Offering

3Maps

4-5Location

6-7

4 3 3 2 5 4 T H AV E N U E N O RT H

Page 3: 7.25 ACRE SITE - ST. PETERSBURG FOR SALE...St. Petersburg, FL Property Use Code/Zoning Per Pinellas County, Florida is 91 or Utilities Parcel ID 03-31-16-00000-220-0100 15,494 SF Total

THE OFFERING CBRE is pleased to present this opportunity to acquire 7.25 acres in St. Petersburg, Florida. Situated on the parcel are two structures, a 6,650 SF one-story office building and a 8,844 SF open-air maintenance building. The project is fully paved and located next to an active CSX rail line.

This property is located in Pinellas County, part of the Tampa Bay MSA on the west coast of the State. The property is minutes from a vast and diversified corridor of retail and food options along US Highway 19. Interstate 275 is minutes away, providing access north to Tampa, South to Downtown St. Petersburg as well as Interstate 75. IDEAL

REDEVELOPMENT OPPORTUNITY

4332 54th Avenue NorthSt. Petersburg, FL

Property Use Code/Zoning Per Pinellas County, Florida is 91 or Utilities

Parcel ID 03-31-16-00000-220-010015,494 SF Total Available

• 8,844 SF built in 1968• 6,650 SF built in 1962

7.25 Acres / 315,810 SF Undisclosed, please contact brokerage team for pricing guidance

Page 3

Page 4: 7.25 ACRE SITE - ST. PETERSBURG FOR SALE...St. Petersburg, FL Property Use Code/Zoning Per Pinellas County, Florida is 91 or Utilities Parcel ID 03-31-16-00000-220-0100 15,494 SF Total

275

275

54th Avenue North

38th Avenue North

Downtown St. Pete

6.5 Miles

St. Pete Clearwater

Airport (PIE) 8 Miles

19

62nd Avenue North Clearwater 15.5 Miles

Downtown Tampa

20.3 Miles

54th Avenue North

38th Avenue North

49th

Str

eet

Nort

h

Tampa International Airport (TPA)

17.7 Miles

Northside Hospital

62nd Avenue North

US

19 R

etail

Corr

idor

19

Page 4

CSX Rail Line

Page 5: 7.25 ACRE SITE - ST. PETERSBURG FOR SALE...St. Petersburg, FL Property Use Code/Zoning Per Pinellas County, Florida is 91 or Utilities Parcel ID 03-31-16-00000-220-0100 15,494 SF Total

Pinellas County Property Appraiser \ Property Description

COM NW COR OF NW 1/4 TH S89D43’04”E 671.51FT TH S00D48’17”W 50FT FOR POB TH E 218FT(S) TH SE’LY ALG RR R/W 600FT(S) TH S 201FT (S) TH N89D53’41”W 597.54 FT TH N44D12’07”W 18.33FT TH CUR RT RAD 28FT ARC 21.73FT CB N21D57’59”W 21.19FT TH N00D16’09”E 54.43FT TH N89D53’11”W 33.49FT TH

4 3 3 2 5 4 T H AV E N U E N O RT H

 

Page 5

PARCEL MAP

Page 6: 7.25 ACRE SITE - ST. PETERSBURG FOR SALE...St. Petersburg, FL Property Use Code/Zoning Per Pinellas County, Florida is 91 or Utilities Parcel ID 03-31-16-00000-220-0100 15,494 SF Total

LOCATIONST. PETERSBURGSt. Petersburg is located in Pinellas County, the most densely populated county in the State of Florida. Pinellas County is located on the West Coast of Florida and is part of the Tampa Bay MSA (nearly 2.98 million people). St. Petersburg is the 5th largest city in the 3rd largest state. The city’s annual growth has tripled since 2010.

St. Petersburg is deeply involved in helping businesses succeed. The City offers many programs, incentives and advantages for businesses of all sizes.

Some of the incentives offered include: no corporate income tax on limited partnerships, no corporate income tax on subchapter S-corporations, no state personal income tax guaranteed by constitutional provision, no corporate franchise tax on capital stock, no state-level property tax assessed, no property tax on business inventories, no property tax on goods-in-transit for up to 180 days, no sales and use tax on goods manufactured or produced in Florida for export outside the state, no sales tax on purchases of raw materials incorporated in a final product for resale, including non-reusable containers or packaging, and no sales/use tax on co-generation of electricity.

DEMOS 3 MILE 5 MILE

2019 POPULATION 130,967 303,925

2024 PROJECTED POPULATION

135,140 315,436

2019 HOUSEHOLD INCOME

$62,759 $69,156

2024 PROJECTED HOUSEHOLD INCOME

$73,878 $80,321

DEMOGRAPHICS

Page 6

Page 7: 7.25 ACRE SITE - ST. PETERSBURG FOR SALE...St. Petersburg, FL Property Use Code/Zoning Per Pinellas County, Florida is 91 or Utilities Parcel ID 03-31-16-00000-220-0100 15,494 SF Total

PINELLAS COUNTY

POPULATION BY YEAR

Study Area

US

% ANNUAL POPULATION GROWTH

PINELLAS COUNTY, FLAREA SUMMARY

White - 79.8%

Black/African American - 10.9%

American Indian - 0.3%

Asian - 3.6%

Native Hawaiian/Other Pacific Islander - 0.1%

Other Race - 2.5%

Two or More Races - 2.8%

RACE & ETHNICITY

10.4% HISPANIC/LATINO POPULATION (ALL RACES)

INCOME

$53,083MEDIAN HOUSEHOLD INCOME

$34,643PER CAPITA INCOME

HOME OWNERSHIP

65.8%OWNER-OCCUPIED UNITS

EMPLOYMENT

466,524 EMPLOYEES

43,428 BUSINESSES

4.1% RESIDENTIAL UNEMPLOYMENT RATE

Master's/Professional/Doctorate - 11.3%

Bachelor's - 20.7%

Other - 68.0%

EDUCATION

POPULATION

©2019 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri ProjectID:510451

0 200,000 400,000 600,000 800,000 1,000,000 1,200,000

2010

2019

2024

2010-2019 2019-20240.0

0.2

0.4

0.6

0.8

1.0

Page 7

Page 8: 7.25 ACRE SITE - ST. PETERSBURG FOR SALE...St. Petersburg, FL Property Use Code/Zoning Per Pinellas County, Florida is 91 or Utilities Parcel ID 03-31-16-00000-220-0100 15,494 SF Total

© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

CONTACTS:

KRIS COURIERVice President

+1 813 273 [email protected]

RIAN SMITH, SIORFirst Vice President

+1 813 273 [email protected]

GARY BAULERFirst Vice President

+1 813 273 [email protected]

TOM QUINLANAssociate

+1 813 273 [email protected]