500 5th St., St. Petersburg, FL 33701

Palm Court Apartments, accented with a Spanish architectural flair, consists of (25) very large studio units, with large walk-in closets, large full sized eat-in kitchens and an On-Site laundry room. Constructed in 1925 the interior walls are true plaster that adds to the quality of the property's Historical Vintage. The property may be used in its current capacity as a rental community, or as a redevelopment site. There are many new developments in the area including both high end condos and townhome communities, built by some of the most well-known developers in the Tampa/St Pete market. This property will allow an investor many opportunities to capitalize on their investment. The Subject Property is located in what is known as the “Historic Round Lake” neighborhood of Saint Petersburg, an eclectic bungalow community that is currently experiencing revitalization. Conveniently situated just a few short blocks away lies Tampa Bay, with access to several marinas and other marine facilities. The entire redevelopment of Beach Drive and Restaurant Row are but blocks away. There are several museums close by including the Salvador Dali Museum, Saint Petersburg, Fine Art Museum, The Sundial Development and the Florida International Museum. Also nearby is Vinoy Park, a large park on the water of Tampa Bay, where major concerts and festivals are often held. The property is conveniently located near 275, and is 25 minutes from the Tampa International Airport.