Mix use Downtown St. Pete property — Sale in St. Petersburg, FL

  • Price: $1.6M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: St. Petersburg, FL 33705
  • Size: 5,190 SF
  • Year built: 1955

Investment Figures

Price per square foot
$308

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Level up your investment portfolio game with this versatile mixed use property in the heart of Downtown St. Petersburg, FL This well maintained 5,190 SF building consists of a large open floor plan retail/office space on the first floor including two bathrooms. The second floor consists of a residential space with 4 four bedrooms, 1 full bathroom and a half bath, large living room and kitchen (currently tenant occupied). Property conveys a total of 3 lots (.40 Acres). Zoning allows developers to build up to 4 floors that could provide water views of the bay. Perfect property for an investor/developer to renovate or build a new multi-family development. Featuring a newer TPO roof , fenced outside storage, walking distance to St. Petersburg nightlife, arts, restaurants and popular shops along Central Avenue and Beach Drive. Easy access to the interstate and a 40 minute drive to Tampa International Airport. With St. Petersburg redevelopment pushing southward and incentives for investors/developers to construct affordable housing this property has massive investment added value upside! Call to schedule your personal showing now. his well maintained 5,190 SF building consists of a large open floor plan retail/office space on the first floor including two bathrooms. The second floor consists of a residential space with 4 four bedrooms, 1 full bathroom and a half bath, large living room and kitchen (currently tenant occupied). Property conveys a total of 3 lots (.40 Acres). Zoning allows developers to build up to 4 floors that could provide water views of the bay. Perfect property for an investor/developer to renovate or build a new multi-family development. Featuring a newer TPO roof , fenced outside storage, walking distance to St. Petersburg nightlife, arts, restaurants and popular shops along Central Avenue and Beach Drive. Easy access to the interstate and a 40 minute drive to Tampa International Airport. With St. Petersburg redevelopment pushing southward and incent

Market Context

This multifamily in St. Petersburg, FL is listed for sale at $1,599,000 across 5,190 SF. The building dates to 1955. It has been on the market for 70 days. Compare it against other multifamily listings for sale in St. Petersburg, FL — view the full market.

As of Q4 2025, the Tampa multifamily market showed a 10.3% vacancy rate, rents up 1.9% year over year, and cap rates around 5.6%.

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

Multifamily market FAQ

What is the typical cap rate for multifamily in Tampa?
About 5.6% as of Q4 2025.
Is the Tampa multifamily market tightening or softening?
Vacancy is around 10.3%, with asking rents rising year over year (Q4 2025).

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