721 1st Ave N - Office FOR SALE


Saint Petersburg, FL 33701- Mirror Lake
$4,500,000 USD
727-823-1230
721 1st Ave N, Saint Petersburg, FL for Sale
$4,500,000 USD
Office - FOR SALE
1/39
null | Request Cap Rate

NEW


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


HIGHLIGHTS

  • ±13,939 SF two-story office building
  • Historic character with modern interior improvements
  • Prominent downtown corner location
  • Multiple offices, conference rooms, and break areas
  • Owner-user, investment, and redevelopment opportunity
  • Rare opportunity to establish a presence in Downtown St. Petersburg's urban core

OVERVIEW

721 1st Avenue North is a distinguished two-story office building located at the prominent corner of 1st Avenue North and 8th Street North in Downtown St. Petersburg. Originally constructed in 1920 and 1938, the approximately 13,739 SF building blends historic architectural character with modern office functionality. The property features a reception area, multiple conference rooms, private offices, and employee break areas, creating a turnkey environment for a corporate headquarters, professional services firm, or multi-tenant office user. Its highly visible corner location provides excellent exposure and is within walking distance of Downtown St. Petersburg's premier restaurants, retail, hotels, and cultural attractions. Zoned DC-1 (Downtown Center-1), the property offers exceptional flexibility for office, retail, residential, hospitality, and mixed-use uses. In addition to its immediate occupancy potential, the site presents a compelling long-term redevelopment opportunity in one of Florida's fastest-growing downtown markets.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$345 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

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

13

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,157 SF

ZONING

DC-1 Zoning

APN/PARCEL ID

19-31-17-83124-000-0030

ASK ABOUT THIS PROPERTY

Michael HeretickVector Commercial Real Estate Services, LLCMore Info
727-823-1230

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Michael HeretickVector Commercial Real Estate Services, LLCMore Info
727-823-1230

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