Sunday, September 4, 2016

Marcus & Millichap Brokers $3.6 Million Sale of Downtown Lot in St. Petersburg, FL

Paul Bouldin
ST. PETERSBURG, FL -– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 105,154-square feet of land located in downtown St. Petersburg, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $3,600,000.

Paul Bouldin, senior associate, Michael P. Regan and Francesco P. Carriera, both first vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a developer, was secured and represented by Bouldin. 

Located on 6th Avenue South in downtown St. Petersburg, this mixed-use development site is specially designated as an Activity Center within the Future Land Use designation of Planned Redevelopment-Mixed-Use and carries the Corridor Commercial Traditional-1 zoning designation.

The property is located one block south of Interstate 175 with immediate access to the on and off ramps. It is within walking distance of Campbell Park, Bayfront Medical Center, All Children’s Hospital and Tropicana Field.

For a complete copy of the company’s news release, please contact:

Ari Ravi
Regional Manager, Tampa

(813) 387-4700

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