Presented byMatthew Hyde |
Under contract-accepting backup offers. Explore a Premier Commercial Real Estate Opportunity in the Heart of St. Petersburg! Uncover the potential of owning a Quick Service Restaurant building strategically positioned at the crossroads of the Grand Central and Warehouse Arts Districts. This property features an expansive masonry structure of nearly 2, 000 square feet on a generous half-acre of land. Noteworthy amenities include a fully operational drive-through, ample on-site parking, and two convenient curb cuts for smooth entry and exit. Positioned to the North by Central Avenue, St. Petersburg’s iconic "Main Street, " and to the South by 1st Avenue South, the primary eastbound thoroughfare leading directly to the downtown core. Visibility is paramount, enhanced by two commanding pylon signs at entrances on both Central and 1st Avenue. Adjacent to the bustling US-19, this location offers prime exposure and accessibility. To the West, the property neighbors a vibrant strip store shopping center, while to the East, it is adjacent to the lively Grand Central Bus Station. Immerse your business in this thriving locale, where commerce meets community. This is more than a property; it's a strategic investment in the heart of St. Petersburg's urban renaissance.
Why Choose this Location? Situated on a major thoroughfare, this property ensures high visibility, accessibility, and strategic framing between Central Avenue and 1st Avenue South. The operational drive-through, coupled with ample parking and two curb cuts, guarantees a seamless experience for patrons. Adjacency to US-19 adds a layer of convenience and exposure, solidifying its position as a prime business location. The added benefit of being within an Opportunity Zone enhances the appeal, aligning with federal goals for economic development and job creation. The dynamic atmosphere of the Grand Central and Warehouse Arts Districts creates a lucrative synergy with neighboring businesses. Tailor-made for Quick Service Restaurants, Cafes, Drive-Through Concepts, and Convenience Stores.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,450,000
Sales Associate
William Raveis Real Estate
Phone: 203.520.7285
Matthew.Hyde@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.913.1633
Jorge.Rivera@Raveis.com
NMLS Mortgage Loan Originator ID 12303
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,160,000 | $1,160,000 | $1,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.103% | 7.041% |
Monthly Tax Payment | $1,361 | $1,361 | $1,361 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,913 | $7,718 | $10,346 |
Total Monthly Payment | $9,399 | $9,204 | $11,832 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.