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Presented by
Vicky Welch - Vicky & Team |
Commercial Development Opportunity
This ±2. 7-acre parcel offers exceptional flexibility in one of Pinellas County’s most active commercial corridors. Zoned B-1 (General Commercial District), the property allows for a broad range of commercial uses and select residential applications, creating strong potential for mixed-use, professional office, medical, retail, service, hospitality, or flex-industrial development.
Location & Access
Situated directly on the US 19 frontage road, the site benefits from outstanding visibility and accessibility. US 19 carries approximately 60, 000–70, 000 vehicles per day in this corridor, providing consistent exposure and traffic flow. The property is minutes from Ulmerton Road (SR 688) and Roosevelt Boulevard, offering convenient east–west connectivity, and provides direct north–south access to St. Petersburg and Tampa.
Within a 3-mile radius, the population exceeds 70, 000 residents. Within 5 miles, population surpasses 180, 000, with a median household income in the 3-mile radius of approximately $60, 000–$70, 000. The surrounding area includes established single-family neighborhoods, large multifamily apartment communities, and a strong commercial presence, creating a stable customer base and workforce pool.
Existing Improvements & Infrastructure
The parcel includes an existing industrial/commercial structure formerly used as an HVAC service operation. The building features multiple offices upstairs and downstairs along with substantial ground-level workspace. It is suitable for continued contractor use, flex-industrial, showroom, or office conversion.
A vacant single-family residence is located on the northwest portion of the property with access from 115th Ave N. The structure may be renovated for income-producing use, utilized as interim office space, or removed to accommodate a larger redevelopment plan.
Utilities are available and currently connected. The property is located in a non-flood zone, reducing development and insurance risk. Infrastructure improvements along 58th St N support ease of site preparation and future expansion.
Development Flexibility
The B-1 zoning provides versatility to meet evolving market demands. The size, layout, and frontage of the site create opportunities for:
• Professional or medical office campus
• Retail or service center
• Flex-industrial or contractor yard
• Mixed-use redevelopment concept
• Hospitality or specialty commercial applications (subject to municipal approval)
Surrounded by residential density, established businesses, and multifamily housing, the property is well-positioned as an infill redevelopment opportunity in a mature, high-traffic corridor.
For investors and developers seeking location, scale, and flexibility in central Pinellas County, this site offers both immediate usability and long-term upside potential.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$2,200,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.215.4990
Vicky.Welch@raveis.com
VP, Mortgage Banker / Production Manager
William Raveis Mortgage, LLC
Phone: 203.305.5736
Kevin.DeTullio@Raveis.com
NMLS Mortgage Loan Originator ID 1724767
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,760,000 | $1,760,000 | $1,760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.202% | 6.121% | 6.011% |
| Monthly Tax Payment | $1,653 | $1,653 | $1,653 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,132 | $10,552 | $14,615 |
| Total Monthly Payment | $11,910 | $12,330 | $16,393 |
* 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.