$2,050,000 list price
location_onST PETERSBURG, FL 33701 · Pinellas County
The 1120 Beach Drive NE Apartments is a boutique property located on St Petersburg Florida’s iconic Beach Drive in exclusive Historic Old Northeast. Popular for its proximity to downtown, expansive waterfront parks, leafy redbrick avenues, and stately homes shaded by towering trees, Old Northeast radiates charm and ambiance distinguishing it as one of the most desirable and affluent places to live, work, and play in Tampa Bay. The property is a short walk to the popular and vibrant Beach Drive Scene, considered St Pete’s de facto hub for exquisite dining, sophisticated nightlife, chic galleries and boutiques, a world-class art museum, and superb people watching. There is no better place for relaxation and world-class waterfront recreation than Tampa Bay’s North Shore Beach and Vinoy Park, just a block from the property. These prominent amenities offer acres of lush waterfront green space, the North Shore Sports Aquatic Complex, Kopsick Arboretum, tennis courts, Olympic pools, dog parks, fitness trails, beach volleyball, and so much more. Though conveniently located within a short walk of the Tampa Bay waterfront, the property is not situated in a FEMA Special Flood or Coastal High Risk Hazard Area. Historically operated at near 100% Occupancy, the 1120 Beach Drive NE Apartments is an exceptionally well maintained trophy asset. Floorplans include two-bedroom apartments, each with two full bathrooms, and one-bedroom / one-bathroom units. Modern windows throughout provide abundant natural light. Tenants enjoy high-quality fixtures, stainless steel appliances, stylish backsplash tile, granite counters, Central HVAC, beautiful hardwood or luxury laminate flooring, and private off-street covered parking. Two-bedroom apartments have an in-unit washer and dryer. The tastefully upgraded apartments feature contemporary kitchens and full baths. Each has been uniquely designed with convenience of two points of ingress and egress. All are separately metered for electricity paid by tenants. Public water and trash collection is paid by the owner. Hot water is supplied by individual electric tanks. Other attractions include the New St Pete Pier with natural shoreline beach, the Watch Discovery Center, and St Pete Museum of History. Beyond the Pier in the Waterfront Arts District, culture and art enthusiasts will find inspiration at the Dali Museum and Mahaffey Theater. 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. Further enhanced by a thriving employment market, and outstanding educational options, tenants enjoy a lifestyle that is second to none. Living and working in the heart of St Petersburg’s dynamic urban core is especially appealing to the progressively younger, diverse, and affluent population migrating to the vibrant and exciting Tampa Bay region. As a turnkey property, 1120 Beach Drive NE Apartments is the ideal acquisition for discerning investors seeking to establish a foothold in St Pete's Historic Old Northeast Multifamily Market, satisfy a pending 1031 Exchange, or strategically enhance and diversify their existing portfolio of high-quality commercial real estate assets. At its sole determination, the Seller may consider providing First Mortgage Financing, and/or a Buyer Closing Credit, subject to all other terms and conditions.
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COLDWELL BANKER REALTY
727-581-9411
