Prime Location: Strategically positioned on a major thoroughfare connecting St. Petersburg to Bradenton, Sarasota, Tampa and the Beaches via main travel arteries, this site enjoys both amazing visibility and ease of accessibility.
Skyway Marina District: The surrounding Skyway Marina District is undergoing significant revitalization, with new residential, commercial, and recreational developments transforming the area. This growing demand for housing makes this site an ideal location for a multifamily project.
Nearby Amenities: Residents will have easy access to a variety of amenities, including numerous waterfront dining, shopping, entertainment, and recreational activities. The nearby marina offers boating and fishing opportunities, while the Beaches and Downtown are just a short drive away.
Strong Rental Demand: St. Petersburg is experiencing strong rental demand, driven by a growing population, job market, and tourism industry. The Skyway Marina District, in particular, is attracting young professionals, families, and retirees seeking a vibrant and convenient lifestyle.
Favorable Zoning Treatment: The property is zoned for multifamily development, streamlining the entitlement process and reducing potential development hurdles. Any project under LLA or 17.5 of the Code will receive priority treatment.
Recent Multifamily Developments in the Area: The success of recent multifamily developments in the area further validates the potential of this site. Projects like Skyway Lofts and The Addison Skyway Marina have seen strong occupancy rates and rental growth, demonstrating the high demand for quality housing in the area.
Joe Esposito
Axxos
