200 1st Ave S - Restaurant FOR SALE


Saint Petersburg, FL 33701- Bayfront
$9,265,000 USD
407-405-0238
200 1st Ave S, Saint Petersburg, FL for Sale
$9,265,000 USD
Restaurant - FOR SALE
1/16
null | Request Cap Rate

200 1st Ave S
Saint Petersburg, FL 33701
Bayfront


HIGHLIGHTS

  • 100% Occupied by Two (2) Dining Concepts, Absolute NNN Leases - Hands Off Condo Management
  • Annual Rent Increases Hedge Against Inflation
  • 50 Spaces in attached McNulty Parking Garage controlled by owner
  • Newly Signed Leases
  • Located at a Pedestrian-centric Signalized Corner, High Foot Traffic Environment

OVERVIEW

CBRE is pleased to present a premier two-tenant retail investment located at 200 1st Avenue South in the heart of downtown St. Petersburg, occupied by Ford's Garage, a high-performing, experiential dining concept known for its strong regional draw and consistent consumer traffic, and Aji Ceviche, a rising culinary concept dotted throughout southwest and central Florida. The property's most distinctive feature is its direct connection to the McNulty Public Parking Garage, a 24-hour, 525-space facility that provides unmatched visibility, accessibility, and exposure for both tenants. What sets this asset apart from virtually every other urban retail investment in the market is that the landlord participates in garage revenue, generating a meaningful income stream entirely outside of base rents. This type of ancillary income is exceptionally rare in a retail investment structure and materially strengthens the overall return profile, providing a layer of cash flow that is completely independent of tenant performance or lease obligations. The property sits at the center of one of Downtown St. Pete's most active pedestrian corridors, surrounded by a dense mix of hotels, luxury residential towers, museums, and entertainment venues that generate sustained foot traffic throughout the day and into the evening.

FOR SALE DETAILS

PRICE

$9,265,000 USD

PRICE/SF

$955 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

DC-1

APN/PARCEL ID

19-31-17-74466-036-0011

ASK ABOUT THIS PROPERTY

James GarnerCBREMore Info
407-405-0238

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James GarnerCBREMore Info
407-405-0238

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