813-293-7887
260 1st Ave S, Saint Petersburg, FL for Sale
Office/Residential - FOR SALE
1/16
null | Request Cap Rate

260 1st Ave S
Saint Petersburg, FL 33701
Bayfront


HIGHLIGHTS

  • 5-Story Premium Mixed-Use Building in Downtown St. Petersburg
  • .21 Acres (9,258 SF) | 35,766 Gross SF | 29,713 Heated SF
  • Elevator is fully modernized and upgraded (2024)
  • Allows for high density of 10.0 Floor Area Ratio (FAR)
  • Built in 1911 as a historic fire station and train depot
  • Located in the walkable urban heart of Downtown St. Petersburg

OVERVIEW

Franklin Street is pleased to present a rare opportunity for an investor or owner-occupier to acquire the crown jewel of Downtown St. Petersburg. This iconic, fully furnished, 5-story mixed-use asset features 35,766 square feet of gross area. Originally constructed in 1911 as a historic fire station and train depot, the property perfectly blends its original industrial aesthetic with a modern, experiential workspace. The building spans 29,713 square feet of heated space, balanced with a 50/50 split between street-level retail/restaurant use and office spaces. Currently operating as a community-driven club tailored for tech, real estate, and entrepreneurial professionals, the property offers 30 offices and full break kitchens on all three mixed-use floors. Premium, high-end amenities include 6,000 square feet of outdoor rooftop terraces and balconies, an onsite cafe and bar, event spaces, and an immaculate, fully functional Commercial Bank vault. Situated in the dynamic urban core of St. Petersburg, the property offers immediate walkability to Central Ave, the waterfront, and central business district amenities. This prime location provides direct access to a strong employee and customer base, anchored by major regional economic drivers like local universities and airports. The surrounding area is experiencing rapid growth, surrounded by luxury condos and new hotel developments that continue to drive affluent residential density and pedestrian foot traffic. The asset has undergone extensive capital improvements to ensure turnkey operations, including a new roof (2015), a new chiller (2022), and a fully modernized elevator system (2024), alongside meticulously maintained HVAC units. Offered with fee simple ownership of both the land and improvements, this listing allows the next owner to immediately benefit from asset depreciation, in a no income tax state.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Station House

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

A

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

190

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

DC1

APN/PARCEL ID

19-31-17-74466-036-0060

ASK ABOUT THIS PROPERTY

Ryan DerrimanFranklin StreetMore Info
813-293-7887

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Ryan DerrimanFranklin StreetMore Info
813-293-7887

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