Thorntons Add Real Estate

Thorntons Add Real Estate

Welcome to Thorntons Add, a hidden gem nestled in the vibrant city of St. Petersburg, Florida! This charming subdivision, located in the heart of Pinellas County, offers a unique blend of suburban tranquility and urban convenience, making it an ideal place to call home.

Thorntons Add is characterized by its picturesque tree-lined streets and a friendly, welcoming community. The neighborhood features a variety of well-maintained homes, showcasing diverse architectural styles that reflect the character and charm of St. Petersburg. Whether you're a first-time homebuyer, a growing family, or looking to downsize, you'll find a home that meets your needs in this delightful subdivision.

One of the standout features of Thorntons Add is its proximity to a wealth of amenities. Residents enjoy easy access to local parks, recreational facilities, and playgrounds, perfect for family outings or leisurely strolls. The area is also conveniently located near shopping centers, dining options, and cultural attractions, ensuring that everything you need is just a short drive away.

For those who appreciate the outdoors, Thorntons Add is just minutes from the stunning beaches of the Gulf Coast, where you can soak up the sun, enjoy water sports, or take a leisurely walk along the shore. The vibrant downtown St. Petersburg area, known for its art galleries, museums, and lively nightlife, is also within easy reach.

In Thorntons Add, you’ll find not just a place to live, but a community to thrive in. Come discover the charm and convenience that this delightful subdivision has to offer!

Newest Listings in Thorntons Add

$1,320,000
9 Beds ⋅ 7 Baths ⋅ Thorntons Add SubDv. ⋅ 33701 Zip Code
The 7-Unit 335 On Fifth Avenue is located three blocks to St Petersburg’s Beach Drive and waterfront parks making it an ideal permanent residence or short-term stay accommodation. Whether a year-round resident or visitor to Tampa / St Pete, tenants and guests are just four blocks to the iconic “Beach Drive Scene”. Situated in the heart of downtown and bordering the leafy redbrick avenues and stately homes of exquisite Historic Old Northeast, Beach Drive is the de facto hub for an expansive variety of popular fine dining and entertainment, sophisticated nightlife, chic galleries, superb people watching, and expansive waterfront parks. Nearby waterfront Vinoy Park on Tampa Bay offers acres of lush green space, a sports and aquatic complex, fitness trails, a dog park, and beach volleyball. The city’s multitude of attractions include the New St. Pete Pier, Watch Discovery Center and Museum of History, to name a few. With typically more than 360 days of sunshine each year, plenty of trails to explore, and a work-life balance that happens to include beach days, it's no wonder the city of St. Petersburg was named the best place to live in Florida according Livability. In addition to its long-standing record for consecutive days of sunshine, among the city’s most prized amenities is its natural beauty with more than 200 miles of shoreline along Tampa Bay to the Gulf, Boca Ciega Bay and intercoastal waterways. Throughout the year there are more than 1,000 special events and festivals ranging from yachting, farmers markets, music festivals, sporting events, concerts and a variety of cultural venues. The 335 On Fifth Avenue is currently operated with four traditional 12-month lease units. Three units are offered on a short-term basis with typical duration of three- to four-night stays. Based on the projected year-one stabilized income and Buyer’s projected year-one expenses, which do reflect the Appraiser’s estimated Real Estate Tax increase and include normal and customary property management fees, the Price represents approximately a 12% Cap Rate. Without adjusting for the pro-forma income increase, yet still applying the Buyer’s projected year-one expense increases, the Cap Rate is approximately 7.2%. The 335 On Fifth Avenue is ideally suited for discerning investors seeking to establish a foothold in dynamic downtown St Petersburg. Investors interested in acquiring a high-quality, turnkey, generational family asset to satisfy a pending 1031 Exchange, or expand and enhance a portfolio of high-quality real estate investments will want to tour and be compelled to acquire 335 On Fifth Avenue.

335 5th Avenue N, St Petersburg

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