Tierra Verde, FL *Prime Mixed-Use Property* — Sale in St. Petersburg, FL

  • Price: $1.6M
  • Listing type: For sale
  • Asset type: Office
  • Location: St. Petersburg, FL 33715
  • Size: 6,900 SF

Investment Figures

Price per square foot
$232

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

Unlock an exceptional investment opportunity with this versatile mixed-use property, ideally located in picturesque Tierra Verde, Florida. This versatile property offers two spacious commercial spaces on the ground floor, each measuring 1,713 square feet, ideal for restaurant, retail, or office use. Above the commercial spaces, you’ll find four charming 2-bedroom, 1-bathroom apartment units, each thoughtfully designed for comfort and efficiency, with 868 square feet of living space. These units are perfect for long-term rentals or vacation getaways in this highly desirable coastal community. The property boasts 21 dedicated parking spaces, ensuring ample convenience for both customers and tenants. Its location offers high visibility and easy access, making it a hub of activity for locals and visitors alike. Whether you're an investor, restaurateur, or property developer, this property combines steady rental income potential with business opportunities, all in the vibrant setting of Tierra Verde. Don’t miss your chance to own a prime piece of real estate in one of Florida’s most sought-after areas. Building SF: 6900 | Land Size: 0.43 Ac | Listing Type: FOR SALE

Market Context

This office in St. Petersburg, FL is listed for sale at $1,599,000 across 6,900 SF ($232/SF). It has been on the market for 71 days. Compare it against other office listings for sale in St. Petersburg, FL — view the full market.

As of Q1 2026, the Tampa office market showed an 18.2% vacancy rate, average asking rents near $29.00/SF/yr, rents up 18.7% year over year, and cap rates around 7.4%. Source: multiple brokerage reports, Q1 2026.

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

Office market FAQ

What is the typical cap rate for office in Tampa?
About 7.4% as of Q1 2026, per multiple brokerage reports.
Is the Tampa office market tightening or softening?
Vacancy is around 18.2%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$271.77/SF – $367.69/SF

Mid: $319.73/SF

Estimated total for 6,900 SF: $2,206,137 per year

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

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