1900 16TH Street N. St. Petersburg, Florida 33704

FOR SALE BY COURT APPOINTED RECEIVER

Online bidding only. Auction ends Tuesday, August 6th @ 2PM

Located in the heart of St. Petersburg, FL, this 0.88 acre parcel includes two retail buildings totaling 30,090 SF. There is currently one tenant, occupying only ~2,000 SF, on a month to month lease providing investors with a compelling opportunity to reposition the property or redevelop the site. This high profile location provides excellent visibility while fronting 16th, 18th and 20th Avenues, and is perfect for a wide variety of uses including retail, office, multifamily, or flex. The property is being sold free and clear of all liens and encumbrances by the Court Appointed Receiver.

Property will be sold 100% AS-IS, free and clear of all liens, with property taxes prorated and paid off to the day of closing.  Seller may, in its sole discretion, accept or reject any bid or offer for any reason, at any time, without notice.  No representations, warranties, or guarantees.  A 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.

Property is available for showings – APPOINTMENT REQUIRED.  Please contact Kurt at [email protected] to schedule a showing, or if you have representation, contact your agent to schedule a showing.

To be approved to bid, prospective bidders must complete and submit the following:

– Create an account on www.ForeclosureAuctions.com. Click the “Register” button and follow the prompts.

– Complete & Execute the Purchase and Sale Agreement – 1900 16TH St North. 

– Submit proof of immediately available funds of at least the minimum bid of $1,000,000.  (Should include a current date & buyers name)

–  To have bidding privileges unlocked, email the following to [email protected]: 1) Prospective Bidders username & associated email used for signup at ForeclosureAuctions.com.  2) Current Proof of Funds letter (should include a current date & buyers name)  3) Executed Purchase & Sale Agreement. Once all items have been received we will email back confirming receipt, and update as soon as the buyers account has been unlocked and approved to bid. 

Licensed Florida real estate agents seeking a commission MUST meet the associated requirements by properly registering themselves as the agent through the link within each individual auction their client will be bidding on before their client places any bids whatsoever – NO EXCEPTIONS.  The rest will be up to the buyer, as they will have to successfully register themselves as an individual or company, and place their bid(s) on their own once they have been approved to bid.

***** The agent does not place bids on behalf of the buyer *****

Photos, marketing comments, and due diligence items are provided for guidance purposes only.  All information provided is believed to be true, but cannot be guaranteed.  It is up to the bidder to verify due diligence reports and any / all code violations prior to bidding, to the extent any exist. BY BIDDING ON THIS PROPERTY, THE BIDDER REPRESENTS THEY HAVE INDEPENDENTLY VERIFIED ALL INFORMATION AND HAVE MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.

Key sale points:

• The opening bid is $1,000,000 with an unpublished reserve.
• Property is sold 100% AS-IS, WHERE-IS, with all faults, to the extent any exist.
• Property is sold subject to any / all code violations, to the extent any exist.
• Property is sold subject to court approval.
• Seller reserves the right to accept or reject any bid or offer, at any time prior to or subsequent to auction end, for any reason, without notice.
• Information contained in any advertisement is not guaranteed or warranted.
• No contingencies will be accepted, except the Seller’s ability to convey insurable title.
• Property will be sold free and clear of all liens.
• Property taxes will be prorated and paid off to the day of closing.
• Absolutely no financing contingencies.
• Absolutely no inspection contingencies.
• 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.
• 10% deposit of the final purchase price must be immediately wired to the Receiver’s title company and received within 24 hours of auction end. 
• The terms of the sale are fully set forth in the Purchase and Sale Agreement and are not negotiable.

Bang Realty-Naples Inc (AU5131)