FOR SALE 4500 43RD ST. N. ST. PETERSBURG, FL REDEVELOPMENT OPPORTUNITY RESIDENTIAL AFFORDABLE HOUSING & MULTIFAMILY 19-38 RESIDENTIAL UNITS Parcel Three LARGE SITE: 70,480± SF (1.62 ACRES) DENSITY BONUS: 50% UNIT BONUS LEALMAN COMMUNITY REDEVELOPMENT AREA Parcel One Parcel Two AMY BARRETT, CCIM Sr. Associate Land and Retail Services TEL: +1 727 798 2200 amy.barrett@colliers.com COLLIERS INTERNATIONAL 311 Park Place Boulevard Suite 600 Clearwater, FL 33759 www.colliers.com Parcel four* * Parcel four is available separately.
Property Summary Ideal For: Residential Redevelopment Affordable Housing Schools Daycares Assisted Living Facilities Site Description TOTAL SITE SF PARCEL ONE PARCEL TWO PARCEL THREE PARCEL FOUR ZONING LAND USE TOTAL SITE ACREAGE 70,480± SF 17,780± SF 34,100± SF 6,550± SF 12,050± SF R-4 Institutional/Residential Urban (RU) 1.34± Acres Demographics Summary Building Descriptions TOTAL BUILDING SF ADMINISTRATIVE OFFICES MULTI-PURPOSE BUILDING CLASSROOM EASTERLY BLDG #1 CLASSROOM WESTERLY BLDG #2 9,160± SF 1952 988± SF 1955 5,259± SF 1974 1,455± SF 1974 1,458± SF 2015 DEMOGRAPHICS TOTAL BUSINESSES TOTAL EMPLOYEES TOTAL POPULATION MEDIAN AGE 2015 INCOME AVERAGE HH INCOME MEDIAN HH INCOME 1-Mile 3-Mile 5-Mile 578 5,645 14,355 5,837 52,498 163,358 14,080 127,058 289,949 43.2 (US Ave. 37.9) $46,948 $37,909 $52,531 $42,183 $55,938 $40,857
Opportunity 4500 43rd St. N., St. Petersburg FL ideally located in St. Petersburg, FL within Pinellas County s first unincorporated Community Redevelopment Area (CRA). The property, currently used as a school, is zoned R4 with a land use of Institutional. Pinellas Park Gulf Beaches Downtown St. Petersburg Lealman Community Redevelopment Area Administrative Office The Lealman Community Redevelopment Area (CRA) offers significant opportunity for redevelopment thanks to it s proximity to the Pinellas Trail, Downtown St. Petersburg and Gulf beaches. The community has established neighborhood patterns, varying land options for housing and retail, and access to major arterial roadways to the Pinellas and Tampa Bay Area. Starting in 2017, the Lealman Redevelopment Trust Fund and Tax Increment Financing District will be established by ordinace. For more information, please visit www. pinellascounty.org Multi-Purpose Building
Property Description 4500 43rd St. N., St. Petersburg FL is a four-building, three-parcel property totaling 58,430± SF site space and 9,160± SF of building space. Density Bonuses The RU land use allows for 7.5 units per acre and the Institutional land use allows for 12.5 units per acre. The county allows for an affordable housing density bonus of 50% when at least 20% of the units developed are affordable housing. Parcel one is located in the southwest portion of the site with dimensions of 140x127, or 17,780± SF and consists of lots 7-9. It is zoned R-4 with a land use of RU. Parcel # 03-31-16-01134-003-0010 Parcel two is the east parcel with frontage on 45th Avenue N., 43rd Street N., and 46th Avenue N. It s dimensions are 275x124, or 34,100± SF and it is zoned R-4 with a land use of I. Parcel # 03-31-16-01134-003-0010 Parcel three is located in the northwest portion of the property with dimensions of 50x131, or 6,550± SF. It is zoned R-4 with a land use of RU. Parcel # 03-31-16-01134-003-0160 Price: Parcel four is located directly south of 45th Avenue N. and is comprised of two platted lots, 15 and 16, which total 12,050± SF. Parcel four is zoned R-4 with a land use of RU. This property is ideal for residential income or redevelopment. Parcel # 03-31-16-01134-004-0150 Pa rc e lf ou r 540,000 $
Building Descriptions The property consists of four buildings located within the three parcels which total 9,160± SF. All of the buildings were built between 1952 and 1974 and are able to be used for a school, daycare, group home, or other not-for-profit use or residential income. Administrative Office is located on parcel three and contains 998± SF. The administrative building was built in 1952. > Can be converted to single family home. Multi-Purpose Building consists of a computer lab, auditorium, and a cafeteria. It is located on parcel two and contains 5,259± SF. The Multi-Purpose Building was built in 1955. > Can be demolished or creatively converted. Classroom Building One, Easterly is located on parcel one and contains 1,455± SF. This classroom building was built in 1974. > Previously served as residential duplex, can be converted back or demolished for new development. Classroom Building Two, Westerly is located on parcel one and contains 1,458± SF and was built in 1974. > Previously served as residential duplex, can be converted back or demolished for new development. Multi-Purpose Building Classroom Building One and Two
COLLIERS INTERNATIONAL 311 Park Place Blvd., Suite#600 Clearwater, FL 33759 727 442 7184 www.colliers.com AMY BARRETT, CCIM SR. ASSOCIATE LAND AND RETAIL SERVICES TEL: 727 798 2200 amy.barrett@colliers.com This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2016. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement.