2400 118th Avenue North-HSN FLse FSale — Sale in St. Petersburg, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: St. Petersburg, FL 33716
  • Size: 124,000 SF
  • Year built: 1987

Description

124,000 square foot, highly improved office/warehouse or light manufacturing facility with 47,000+ square feet of two level office, 23.7'-25.4' clear height, 3 dock well loading doors, 1 ramp, heavy 3-phase power with 1600+ amps, 100% air-conditioned, sprinklered, elevator, 285 parking spaces on a 6.75 acre MOL site. The property is zoned EC-1, Employment Center within the city of St. Petersburg, FL and allows a host of light industrial uses. The contiguous, eastern property totaling 4.3 acres MOL can also be purchased. Building SF: 124000 | Land Size: 6.75 Ac | Year Built: 1987 | Listing Type: FOR SALE

Market Context

This industrial in St. Petersburg, FL is listed for sale across 124,000 SF. The building dates to 1987. It has been on the market for 70 days. Compare it against other industrial listings for sale in St. Petersburg, FL — view the full market.

As of Q1 2026, the Tampa industrial market showed a 7.3% vacancy rate, rents up 6.4% year over year, and cap rates around 7.6%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Tampa?
About 7.6% as of Q1 2026, per multiple brokerage reports.
Is the Tampa industrial market tightening or softening?
Vacancy is around 7.3%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$115.53/SF – $156.31/SF

Mid: $135.92/SF

Estimated total for 124,000 SF: $16,854,080 per year

Rate estimator only; cost-of-business estimate unavailable.

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