SQUARE FEET3,345
MLS#TB8522549
STATUSActive
PROPERTY TYPECommercial - Multiple
SUBDIVISIONKINYONS H H
Property Description
One of Downtown St. Petersburg's rarest income opportunities - a historic 1925 six-unit wood-frame building nestled steps from the coveted Historic Old Northeast neighborhood in Flood Zone X. The two-story building offers 5 one-bedroom/one-bath units plus an efficiency, all individually metered for electric. A 2021 roof replacement is already complete. Current rents are significantly below appraiser-concluded market value, presenting immediate income upside through stabilization. Grandfathered six-unit density under NT-2 zoning protects a use that simply cannot be replicated with new construction in this submarket. Value-add investors will find a compelling rent-up story, strong tenant demand, and a premium location that commands quality tenants with minimal concessions. A true value-add opportunity in a market that rarely offers one.
Property Features
Property Type: Commercial - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.08 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $12,134
Year Built: 1925
Feature Descriptions
Appliances: Dishwasher
Building: Bathrooms, Dumpsters, Fencing
Days on Site: 138
Directions: From Downtown St. Petersburg, head north on 1st Street N approximately 0.9 miles. Turn left onto 6th Avenue N. Property is on the left, adjacent to 247 6th Ave N. Sign on site.
Exterior: Frame
Flood Zone Code: x
Flooring: Laminate
Foundation: Pillar/Post/Pier
Home Warranty Y/N: No
Listing Terms: Cash, Commercial Financing
Lot Dimensions: 0.08
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sale Includes: Building(s) and Land, Leases
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Call Before Showing, Call Listing Agent, Do Not Contact Tenants, No Lockbox
Special Sale Provisions: None
Units: 6
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: MULTI-FAM
Listed By / Shown By
Listed By
Agency Name: SUNSHINEAGLE LLC
Agency Contact: 941-416-4580
Shown By
Agent Name: Leslie Russell Associate Broker/Consultant
Agent Phone: Cell: (215) 694-9169
Agency Title: RealtyMark
Leslie Russell Associate Broker/Consultant
Office: (215) 376-4444 ext. 318
Cell: (215) 694-9169
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255 6th Avenue N | MLS# TB8522549
This commercial property located at 255 6th Avenue N, Saint Petersburg, FL 33701 is currently listed for sale with an asking price of $1,200,000. Search Saint Petersburg real estate on lrussell.realtymark.net today.