Historic Church in the Old Northeast sells for $ 1.4 million
The Westminster Presbyterian Church in the historic Old Northeast NeighborsHood of St. Pete was officially sold for $ 1,475,000.
A 100-year-old church and its property in the Old Northeast district of St. Petersburg have been sold. Westminster Presbyterian Church, consisting of two lots, one with the church lot and the other a separate parking lot across from the alley to the south, was sold by Patrick & Chris Calhoon of the Calhoon Commercial Group of Smith & Associates Commercial Real Estate.
Historical name in the old northeast
The church occupies a prime spot in the up-and-coming Historic Old Northeast neighborhood. The Historic Old Northeast is both exceptionally within walking distance and close to some of the city‘s best dining and entertainment centers, and has become one of the most desirable places to live in the Sunshine City.
The property, owned by The Presbytery of Tampa Bay, Inc., comprises 7 lots on just over 1 acre of land in the Old Northeast. In early 2020, the building was awarded a Landmark Historic Designation by the city of St. Petersburg, which prohibited the structure from being demolished, but provided for certain adaptive re-uses. The presbytery completed its service on the property four years ago.
âThe location and size of this property presented an incredible opportunity for a visionary buyer. It has the potential to be converted into upscale apartment buildings or condominiums in the heart of one of the most desirable areas of St. Petersburg and just steps from downtown St. Pete, âsays Patrick Calhoon.
Church sold for $ 1,475,000
Working as transaction brokers with both parties, the Calhoon were pleased to complete the sale for the sellers, who stated in an earlier press release: âThe proceeds from the sale of this beautiful property will be used to strengthen existing government departments and explore new avenues to the needs of the community. “
The buyer, 126 11th Acquisitions, LLC, has no specific plans for renovations right now, but is working on a few other ideas. Located at 126 11th Ave NE, the purchase price was $ 1,475,000.
In early 2021, a historic church in the Crescent Heights neighborhood was converted into a single family home and bought almost immediately. The remodeled concept was bought for 580,000 in 2018 and sold for more than $ 1.2 million in 2021. Learn more about the house in this story from the Tampa Bay Times.