Westminster Presbyterian Church Sells for $ 1,475,000 by Patrick & Chris Calhoon of the Calhoon Commercial Group of Smith & Associates Real Estate
A one-hundred-year-old church and its property in the desirable Old Northeast neighborhood in St Petersburg has been sold. The Westminster Presbyterian Church, consisting of two parcels of land, one with the church property and the other a separate parking lot across the alley to the south, has been sold by Patrick & Chris Calhoon of the Calhoon Commercial Group of Smith & Associates Commercial Real Estate.
ST. PETERSBURG, Fla., June 18, 2021 /PRNewswire-PRWeb/ -- A one-hundred-year-old church and its property in the desirable Old Northeast neighborhood in St Petersburg has been sold. The Westminster Presbyterian Church, consisting of two parcels of land, one with the church property and the other a separate parking lot across the alley to the south, has been sold by Patrick & Chris Calhoon of the Calhoon Commercial Group of Smith & Associates Commercial Real Estate.
The property, owned by The Presbytery of Tampa Bay, Inc., encompasses 7 lots on a little over 1 acre of land in the Old Northeast. The building had a Landmark Historic Designation placed on it by the City of St Petersburg in early 2020 which prohibited any demolition of the structure but did provide for certain adaptive reuses. The Presbytery concluded its ministry at the property four years ago.
"The location and size of this property presented an incredible opportunity for a visionary buyer. It has the potential for conversion to upscale multi-family or condominium units in the heart of one of St. Petersburg's most sought-after areas and is just a short distance to downtown St. Pete," says Patrick Calhoon.
Working as transaction brokers with both parties, the Calhoons were pleased to complete the sale for the Sellers, who stated in a past release, "Proceeds from the sale of this beautiful property will be used to strengthen existing ministries and explore new ways to meet the needs of the community."
The Buyer, 126 11th Acquisitions, LLC, does not have any specific plans for renovations at this time, but is working on a few different ideas. Located at 126 11th Ave NE, the purchase price was $1,475,000.
About Smith & Associates Real Estate
Founded in 1969, Smith & Associates Real Estate is Tampa Bay's largest independent and locally-owned real estate brokerage, with a commitment to exceptional service and superior market knowledge. Deeply embedded in the community and comprising six strategically located offices in the Tampa Bay area, 300 associates, an annual sales volume of $1.52 billion, and over 2,600 transactions a year. Smith & Associates Real Estate is the number one luxury brokerage firm of $1M + residences with 17.4% of the market share and an average price of $1.67M* (*average of luxury transactions as of December 31, 2019). The company completes seven transactions per day and is a nationally recognized leader in the Real Estate industry. For more information on Smith & Associates Real Estate, please visit smithandassociates.com.
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SOURCE Smith & Associates Real Estate
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