Make us your home page

City block to hit auction block

Premier Auction Group will auction the property at 3660 22nd Ave. S in St. Petersburg on Aug. 20.

JAKE MAY | Times

Premier Auction Group will auction the property at 3660 22nd Ave. S in St. Petersburg on Aug. 20.

ST. PETERSBURG — Although property auctions are gaining popularity in the Tampa Bay area, it's practically unheard of for the equivalent of a city block to be on the market.

Premier Auction Group is hosting the auction of a St. Petersburg property whose size is equivalent to that of a city block on 22nd Avenue S between 36th and 37th streets.

The 2,500-square-foot building on the site was last used as an art gallery, Tribu, with gardens in back. The Times wrote in early 2007 that Kevin Ritter and John Rymer, art wholesalers from Ohio, bought the building in July 2005 and worked on it for two years before opening Tribu.

They said they felt a pull from Childs Park. "Every time we started to leave," Rymer said, "it just didn't feel right."

The property changed hands this past April.

A bidding war can help the seller, said Brett Kennedy of Kennedy Brothers Auction in St. Petersburg.

Selling property through an auction seems a little risky and does have its disadvantages, but it turns out it may be a smart decision, he said. The property in St. Petersburg will be sold in a live reserve auction.

A reserve auction allows sellers to set a price below which they do not want to go.

The reserve price is usually not disclosed to the public. If the highest bid is lower than the reserve, the seller has the option to allow the property to sell at that bid.

Vincent Gepp, the auctioneer for this property, said "reserves are a safety mechanism," the final bids can and do come in below the reserve, but this base price allows the seller the freedom to choose whether to make a sale.

Bill Hofacker of Hofacker and Associates said "there is no rhyme or reason to how much (a property) sells for" in an auction. But live auctions can bring out bidders' competitive side, taking the bids well above the market price or reserve, according to auctioneer Brett Kennedy.

Gepp, the auctioneer for this sale, said there is only so much one can do to market a property.

"It's that piece of property standing on its own merit in front of potential buyers" that ultimately gets results.

The property is classified as a NT4 (neighborhood transitional), which allows the space to be used for such things as a professional office or small cafe.

The property is 200 feet across, between 36th and 37th avenues, and 110 feet deep, which equals half an acre of land.

The auction is set to begin at 11 a.m. Aug. 20, with the option to arrive as early as 9 a.m. to inspect the property at 3660 22nd Ave. S. Gepp said he does not know how many bidders to expect. "You never know until that day."

Hofacker said "auctioning is an art form," but "there is no way of knowing what the outcome is going to be."

Emily Rieman can be reached at (727) 893-8215 or

>>at a glance

Seeking bids

When: Auction at 11 a.m.

Aug. 20.

What: Property at 3660 22nd Ave. S, the equivalent of an entire city block measuring 200 feet wide and 110 feet deep.

Information: Go to or call 785-4300.

City block to hit auction block

08/02/08 [Last modified: Friday, August 8, 2008 8:09pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. New town homes sprouting in Oldsmar

    Real Estate


    Times Staff Writer

    OLDSMAR — City officials have been chipping away for several years on a downtown development plan, bringing new life to a 7-acre site on State Street. One day in the not-far-off future, they want to lively streets and walkways used by residents and …

  2. Study: Tampa Bay a top market for homebuyers on the move

    Real Estate

    The Tampa Bay area is among the top markets for homebuyers who are likely to move in the next few months, ATTOM Data Solutions says.

    The Tampa Bay area is among the top markets for homebuyers who are likely to move in the next few months, a survey found.
[Associated Press file photo]
  3. Ousted to political Siberia by Corcoran, Kathleen Peters sets sights on Pinellas Commission

    State Roundup

    TALLAHASSEE — The perks of power in Tallahassee are a coveted chairmanship, a Capitol office in a prime location and a prominent seat on the House floor. Now Rep. Kathleen Peters has lost all three, but here's the twist: Her trip to "Siberia" might actually help her reach the next step on the Tampa Bay political …

    Rep. Kathleen Peters, R-South Pasadena, has been relegated to the back row in the State House chamber, moved to a fouth floor office and stripped of her job as chairwoman of a House subcommittee after a series of disagreements with House Speaker Richard Corcoran. [SCOTT KEELER | Tampa Bay Times]
  4. UPS relocates express operations from St. Pete-Clearwater to TIA


    TAMPA — United Parcel Service Inc. is switching airports for its express air operations. Beginning in October, UPS will relocate from St. Pete-Clearwater International Airport to Tampa International Airport.

    Beginning in October, UPS will move from St. Pete-Clearwater International Airport to Tampa International Airport. [Associated Press file photo]

  5. Richard Corcoran takes aim at public financing of campaigns

    State Roundup

    TALLAHASSEE — House Speaker Richard Corcoran, R-Land O'Lakes, may not be running for governor — not yet anyway — but his latest idea will get the attention of those who are.

    House Speaker Richard Corcoran wants the Constitu?tion Revision Commis?sion to ask voters to repeal the state’s system of partial financing of statewide elections.