|
RENOVATED Office with INCOME-GENERATING Rental Apartment in PRIME Central Avenue location.
Don’t miss this unique chance to own a fully renovated mixed-use commercial property on sought-after Central Avenue. This versatile building offers 1, 624 square feet of updated professional office space, along with a 540 square foot rental apartment—ideal for a live-work arrangement or an additional income stream. CRT-1 zoning permits short-term rentals, with the current owner achieving consistent rental income, generating up to $2, 400 monthly for the apartment.
The fully renovated 1, 624 sq. ft. office includes a welcoming reception area, four private executive offices, an executive assistant workspace, two modernized bathrooms, an upgraded kitchen, and a conference room with a fireplace. The flexible floor plan offers the adaptability to accommodate multiple businesses with ease.
Situated on a HIGH and DRY prominent corner lot with 50 feet of frontage on bustling Central Avenue, the property benefits from over 20, 000 vehicles passing by daily, making it a prime location for business visibility and access. You're just 5 minutes from vibrant Downtown St. Petersburg, with its restaurants, shopping, and entertainment, and only 15 minutes from the world-renowned Gulf Beaches. With CRT-1 zoning supporting both commercial and residential uses—including short-term rentals—this property offers exceptional flexibility in one of the most dynamic and desirable areas of St. Pete.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$865,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $692,000 | $692,000 | $692,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.217% | 6.098% | 5.952% |
| Monthly Tax Payment | $578 | $578 | $578 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,929 | $4,149 | $5,746 |
| Total Monthly Payment | $4,599 | $4,819 | $6,416 |
* 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.