VERITAS COURTYARD

Location
Location Description: Located simply in one the best-emerging markets > Downtown St Petersburg. The address is 770 2nd Avenue South, which constitutes an address just off the famed Central Avenue in Downtown St Petersburg. The Site faces 2nd Avenue South and sits between 7th Street South and the lighted intersection of 8th Street South. The Location could not be any better because it abuts the two most trending districts in Downtown St Pete > The 600 Block of Central Avenue and the Edge District. On top of all that, the property is walking distance from many of St Pete's newest premier developments. The Address is beyond convenient, being only minutes to many of the popular neighborhoods in St Petersburg, such as Uptown, Kenwood, Old Northeast, Old Southeast, Euclid / St Paul, Allendale and Snell Isle. The Site is also 2 minutes to the Interstate, 3 minutes to US HWY 19 N and only 14 minutes to the Beaches and Tierra Verde.

Sale
Commercial Real Estate Opportunity in Downtown St Petersburg, Florida

The Historic Veritas Courtyard in Downtown St Petersburg is available for purchase. Rarely is there an opportunity to purchase a building and a piece of St Pete's history in this very desirable downtown. A building of this stature is very scarce, there is less than 3 buildings of this nature on the market in all of downtown.

The Offer is for a 1923 building consisting of 2 floors. The building was originally built in the first years of St Petersburg 1920's boom. The first floor is 3950 sf mol that is currently used as an office and has a very tasteful buildout. The Bottom floor could be potentially to return it to a Retail Use if so desired . Ground Floor Lease Rate of $29.00 NNN could be commanded. The second floor is built out as Class A Offices with expected Lease rates of $22.00 per sf NNN.

The Sellers have been good stewards of the Veritas Courtyard and have updated or enhanced the Site in numerous instances. The Sellers have completed and paid for many instrumental items to ensure a healthy, safe and long life of the structure. The Roof was updated in 2005. HVAC was done recently in 2011. Additional updates were completed in 2011. The parking lot had a complete re-surface in 2001.

There is 10 reserved parking spaces available on site.

Please note this is Commercial Real Estate in a destination downtown in a destination city in a destination state.

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