727-435-8884
721 1st Ave N, Saint Petersburg, FL for Sale
Office - FOR SALE
1/36
null | Request Cap Rate

721 1st Ave N
Saint Petersburg, FL 33701
Mirror Lake


HIGHLIGHTS

  • Historically charming office building with 40+ individual offices
  • Beautifully appointed reception area, stunning conference room, top-of-the line kitchen/lounge
  • Incredible exposure on the corner of 1st Avenue North and 8th Street North in downtown St. Pete

OVERVIEW

Presenting a rare opportunity to acquire The Paramount Executive Offices, a distinguished two-story office property in downtown St. Petersburg. Built in 1938, this property blends historic charm with contemporary functionality, creating an impressive work environment in a thriving urban setting. Spanning approximately 13,900 square feet, the building offers over 40 individual offices, a refined reception lounge, elegant conference room, and top-tier kitchen and break areas. This flexible layout accommodates single-tenant or multi-tenant configurations, ideal for corporate headquarters, professional firms, or creative offices. The seller is willing to lease back up to half of the space, providing investors with immediate occupancy income and operational stability. Located at the corner of 1st Avenue North and 8th Street, the property enjoys excellent visibility and walkability scores near cultural venues, galleries, waterfront parks, and a vibrant culinary scene. Quick access to I-275 and major arterials ensures regional connectivity, while proximity to Tampa International Airport expands business reach. With zoning that supports office use and potential redevelopment considerations, this asset offers versatility for owner-users and investors seeking a signature property in a booming market.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Paramount

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

CBD 1,St. Petersburg

APN/PARCEL ID

19-31-17-83124-000-0030

ASK ABOUT THIS PROPERTY

Brian ZuckerAxxosMore Info
727-435-8884

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Brian ZuckerAxxosMore Info
727-435-8884

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