503 69th Ave

St. Pete Beach FL 33706

2094 sq. ft.

15000 sq. ft.

Other

Currently for sale - view listing

Overview

Under contract-accepting backup offers. Income-Producing Properties Offered as Part of a (3-Lot) St. Pete Beach Portfolio. This price does NOT include the vacant lot. Pricing on the 2 income properties creates an 8% CAP rate. These 2 income-producing lots are being sold together as part of a larger 3 -property portfolio, which also includes an additional vacant lot—creating a rare and strategic redevelopment opportunity in the heart of St. Pete Beach. (Note: a 10-unit 2 lot opportunity can also create a larger portfolio - call for details). Spanning CC-2 Commercial Corridor and UBV Urban Beach Village zoning, the portfolio offers exceptional flexibility for redevelopment, including short-term rentable townhomes, boutique lodging, or mixed-use concepts. The existing duplexes have consistently generated income, allowing buyers to benefit from cash flow while planning future development. This package represents one of the lowest price-per-square-foot income-producing opportunities currently available in St. Pete Beach (excluding the vacant lot), making it a compelling option for investors focused on equity growth and long-term upside. Portfolio Highlights: **3 total lots (over 15,000 sq. ft. of land) **5 existing rental units plus 1 vacant lot **Proven rental history with established tenants **Zoning that supports vacation rentals and redevelopment **Prime location near beaches, dining, and entertainment **Owner willing to offer up to 50% seller financing Whether your goal is to hold for cash flow, reposition and redevelop, or secure a rare multi-lot footprint in one of Florida’s strongest beach rental markets, this portfolio delivers unmatched flexibility and value. Opportunities of this scale and zoning diversity in St. Pete Beach are increasingly rare. Inquire today for details and to explore the full potential of this three-property offering or a five-property (15 rentals & vacant lot) offering.