CENTRAL SAINT PETERSBURG, FL 33711

Features

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Description

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Endless possibilities in this mixed use zoning, multi unit property conveniently located on bustling Central Avenue. This building has great visibility & spectacular signage opportunity, as well as being easily accessible from downtown, the beaches, and US Hwy 19. The main/front building has numerous updates either completed or underway, and is ready for you & your vision to complete this project to best suit your needs. The original plan was to set this up as a mortgage/real estate office but there is plenty of space to customize this and use it for your business, or even a work/live setup. If you can dream it, this space can most likely be modified to suit your requirements. Currently, upon entry you will encounter a large open area perfect for reception/ conference area/ or expansive common workspace. Currently there are 2 additional common spaces, 2 full bathrooms, a galley kitchen space, and 3 private rooms with potential to be offices or even bedrooms. Current owner also considered using the main unit for residential space in a capacity to rent individual rooms. Tankless water heater, some updated electric & plumbing, laundry hookups, and partially new framing and drywall have been done. The two story residential rental building in back provides (downstairs) 1 bdrm 1 bath and (upstairs) 2 bdrm 1 bath. Upstairs has lots of recent updates including laminate flooring, renovated bathroom, new countertops, new light fixtures, and updated electrical. Downstairs has ceramic tile flooring throughout and a spacious open living/dining/kitchen combo. Newer vanity & sink installed in bathroom. Both tenants are currently on month-to-month lease, with current income of $2150 per month / $25,800 annually. Tenants have separate electric meters and pay their own electric. Dedicated parking on left side of the building and one reserved spot for the upstairs tenant. The front of the building facing Central ave has been rock landscaped for minimal maintenance, and this area provides sufficient space to add additional square footage to the property if so desired. Opportunity is knocking, and seller will consider owner financing with 35% down. Ask listing agent for details.