$899,000 Multifamily for Sale — 7789 131ST ST N

7789 131ST ST N

Summary

This is a multifamily property for sale at 7789 131ST ST N, listed at $899,000. The property has 1 units, 7,296 square feet, built in 1981. Financials show gross income of $0 based on seller figures.

Key facts

Asking price: $899,000
Property type: Multifamily
Gross income: $0
Price / unit: $899,000
Units: 1
Building SF: 7,296
Lot (acres): 0.66
Year built: 1981
Zoning: C-1 Neighborhood Commercial

Description

Rare West Seminole redevelopment opportunity, approximately 1 mile from the Gulf beaches, near the high-traffic 131st Street and Park Boulevard corridor. This 7,296 heated sq. ft. commercial building sits on an approximately .65-acre parcel with strong land value, existing parking, and room to reconfigure, expand parking, or potentially expand the building footprint, subject to applicable approvals. Zoned C-1 Neighborhood Commercial, offering flexible neighborhood-scale commercial use potential. Seller has received County zoning confirmation that a 13-unit bed-and-breakfast would be an acceptable use, making this an attractive opportunity for Boutique hospitality / B&B concept, hospitality, professional office /law / CPA / financial advisory/insurance/consulting, Medical / dental / pt/rehab/wellness/therapy owner-users, retail, restaurant/café, personal services, service-oriented businesses, Education/daycare/specialty school, residential-equivalent, multifamily, mixed-use, Adaptive-reuse investors / Martial Arts/dance / Children's recreation, or other approved redevelopment concepts. The building has been substantially cleared inside and prepared for renovation to the buyer’s desired fit-out, giving a buyer a clean starting point without the need for full interior demolition. Utilities are on and operational. New roof and sheathing completed in 2023, including TPO and shingle roof areas. Excellent walkable location surrounded by daily-needs retail, restaurants, shopping centers, banking, pharmacies, gas, and grocery, with the grocery store located directly behind the property. Flood Zone X. Parcel dimensions approximately 167’ x 171’. Owner has plans done for a 13-unit bed-and-breakfast and will provide these upon request. Buyer would have to redo the plans to get a permit approved. Buyer to verify all measurements, zoning, permitted uses, parking, development standards, licensing, and intended use approvals with Pinellas County.