320 1st Ave N - Loft/Creative Space FOR SALE


Saint Petersburg, FL 33701
$4,500,100 USD
727-292-1097
320 1st Ave N, Saint Petersburg, FL for Sale
$4,500,100 USD
Loft/Creative Space - FOR SALE
1/19
null | Request Cap Rate

320 1st Ave N
Saint Petersburg, FL 33701


HIGHLIGHTS

  • Centrally located in the vibrant heart of St. Petersburg, with easy access to top attractions, retail stores, and bustling restaurants.
  • Recently replaced in 2020, ensuring long-term durability and peace of mind.
  • Can be divided into three separate fire-rated spaces to suit various business requirements.
  • This space offers a unique blend of style, reliability, and a prime location, ideal for businesses seeking a prestigious and functional environment.

OVERVIEW

Investment Property with Strong Rental Income Discover an exceptional investment opportunity in Downtown St. Petersburg, featuring a beautifully renovated building generating nearly $70 per square foot in rental rates for coworking-style spaces. This premier property seamlessly blends sophistication with practicality, making it a prime location for businesses or investors seeking high returns. The property offers modern upgrades, including high-quality materials and contemporary design elements, ensuring an appealing environment for tenants. It features reliable power with a robust 400-amp 3-phase system and a 125,000 KW natural gas backup generator, ensuring uninterrupted operations. A new roof, installed in 2020, adds durability and peace of mind. Designed to meet the needs of modern businesses, the building boasts advanced electrical systems, data wiring, and a versatile layout that accommodates three separate fire-rated areas. It also includes a code-compliant shaft for future elevator installation, offering flexibility for additional enhancements. Strategically situated in the vibrant heart of Downtown St. Petersburg, this property provides convenient access to multiple parking options, enhancing accessibility for tenants and clients alike. Its prime location, surrounded by top attractions and a bustling community, ensures long-term appeal and steady rental income. Whether you’re looking to expand your investment portfolio or secure a prime property for your business, this space offers the perfect combination of style, functionality, and profitability.

FOR SALE DETAILS

PRICE

$4,500,100 USD

PRICE/SF

$554 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

DC-C

APN/PARCEL ID

19-31-17-74466-026-0030

ASK ABOUT THIS PROPERTY

Scott BartnickOtter PRMore Info
727-292-1097

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Scott BartnickOtter PRMore Info
727-292-1097

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.