Commercial property in Saint Pete Beach, Florida 6 bedrooms, 188.78 sq.m. № 2138822

Property description

CALLING ALL INVESTORS OR LOCALS WHO AREN'T SCARED TO MAKE $$!! YOU HAVE TO LOOK & WILL SEE THE POTENTIAL!!! Waterfront 4 unit value/add opportunity on the Intra-coastal with dock and flexible redevelopment potential. This is not a turnkey property and that’s exactly where the opportunity lies here! Located on one of the most popular intra-coastal locations in the heart of St. Pete Beach, Boca Ciega Drive offers a rare chance to acquire a waterfront multi-unit asset in a market where inventory continues to tighten and finished properties are priced at a PREMIUM! The existing footprint includes four units configured as two 2 bedroom, 1 bath units (potential) and two 1 bedroom, 1 bath units, providing multiple paths for repositioning depending on your investment strategy. The property sustained hurricane impact and requires renovation, but retains strong structural fundamentals, existing density, and a location that supports long term value and rental demand. Investors will appreciate the flexibility: Restore the 4 unit configuration for maximum income potential, Reconfigure into a duplex or triplex with larger, premium units or create a hybrid use with personal occupancy and rental income.