Located in the Urban Core of Downtown St Petersburg Florida, The 415 Third Street North Apartments is a short walk to iconic Beach Drive, Tampa Bay’s Waterfront Parks, and the Central Avenue Edge District. Considered St Petersburg’s most trendy and fashionable destination, Beach Drive is the de facto hub for exquisite dining, sophisticated nightlife, chic galleries and boutiques, a world-class art museum, and superb people watching. Downtown St Pete is considered by many the most dynamic, walkable, and livable Cosmopolitan Urban Metro Area in all of Florida, if not the entire country. Built by craftsmen in 1920, presumably as a Single-Family Estate, the well-maintained 415 Third Street North Apartments has operated at essentially 100% Occupancy. There are Four Apartments comprised of a variety of unique floor plans including (i) an expansive Two-Bedroom / Two Bath Residence (1,500 sqft approximately) occupying the entire First Floor; (ii) Two Second-Floor One-Bedroom / One-Bath Apartments (respectively 1,000 & 650 sqft approximately); and (iii) a Second Floor Above-Garage Studio (300 sqft approximately). The Apartments are appointed with quality fixtures, modern appliances, efficient window air conditioning systems, vintage Florida-inspired bathrooms, natural hardwood floors, and enclosed private verandas. The Property features a Private Garage, Off-Street Parking, Landscaped Grounds, and onsite Laundry Facilities with secure Bike Storage. The expansive size and unique configuration of this Vintage Estate Property lends to the possible conversion and return to its Original 1920 Estate Home design and use, in which case the Third Floor Attic might also be finished as a Home Office, Art Studio or additional Bedroom. Constructed of sturdy masonry brick, the Property enjoys excellent visibility with charming curb appeal. Downtown St Petersburg is uniquely situated along a vast expanse of the Tampa Bay Waterfront with vibrant public spaces including Vinoy Park’s two-pool aquatic and sports complex, fitness trails, beach volleyball courts, and dog parks. The City’s other attractions include the New St Pete Pier with natural shoreline beach, the Watch Discovery Center, and St Pete Museum of History. Just beyond the Pier in the Waterfront Arts District, culture and art enthusiasts will find inspiration at the Dali Museum and Mahaffey Theater. And any time of day or night, Central Avenue and the Edge District are abuzz with vibrant activity in the many eclectic eateries, boutiques, galleries, bars, and live entertainment venues along this storied corridor. Adjacent and to the north of Downtown St Petersburg are the exquisite leafy redbrick avenues and stately homes of Historic Old Northeast, considered one of Tampa / St Pete Metro Area’s most affluent and desirable neighborhoods. Tampa Bay Metro is Florida’s second most populated region boasting three commercial airports, seventeen colleges and universities, and three deep-water seaports. The Metro’s multifaceted economy is driven by finance, technology, insurance, construction, healthcare, the maritime industry, construction, and tourism. Living and working in St Petersburg is especially appealing to the progressively younger, diverse, and more affluent population migrating to the Tampa Bay region from virtually every corner of the country, and beyond. This key demographic is aggressively sought after by a number of prominent area employers. Among the largest are Jabil, Raymond James, HSN, Bayfront Health, Tech Data, Honeywell, Johns Hopkins All Children’s Hospital, Duke Energy, Spectrum, Fidelity Information, and Franklin Templeton, to name a few. With seven museums, dozens of galleries, over nine hundred annual events attracting more than ten million visitors to festivals, art and music exhibits, yacht races, and sporting events, Downtown St Petersburg is arguably the most desirable place to live, work, and play in Metro Tampa Bay. Further enhanced by a thriving employment market, and outstanding educational options, tenants enjoy a lifestyle that is second to none. The 415 Third Street North Apartments operates as an efficient turnkey commercial investment property, qualifying it as an ideal acquisition candidate for the discerning investor seeking to establish a foothold in St Petersburg’s multifamily market, satisfy a pending 1031 Exchange, enhance and diversify their existing portfolio of high-quality assets, or perhaps return it to the Original design and use as an Exquisite Luxury Urban Estate.
