$4,800,000

Description

This property offers a unique investment opportunity in the heart of downtown St. Petersburg, Florida. Situated on 3rd Avenue North, the asset is currently configured as a Hotel/Motel with 21 licensed rental units, 20 guest units, and 1 unit for owner or employee. Total building area of approximately 6,891 square feet. The structure spans two stories and features a flat roof, concrete block and stucco exterior, and drywall interiors. The property sits on a 4,161-square-foot lot with 40 feet of frontage and 100 feet of depth, providing excellent visibility and accessibility. It is located within a vibrant urban core surrounded by retail, dining, and cultural attractions, making it highly desirable for hospitality or redevelopment purposes. With its central location, proximity to major thoroughfares, and strong tourism demand in St. Petersburg, this property presents significant upside potential for investors seeking to reposition or continue operating in the hospitality sector.