Downtown St Petersburg FL Assemblage

$1,833,333

1005 1st Avenue North, St. Petersburg, FL 33705

For Sale

Retail Free Standing

Active

Last Updated: 05/02/2026

Details:

Pro Forma Cap Rate : 6%

Building Size: 2,250 sqft

Lease Type: Triple Net

Year Built: 1952

Price Per Unit: $49

Zoning: DC-1

Tenancy: Single

Opportunity Zone: Yes

Parking Spots: 7

Year Last Renovated: 2020

Construction Status: Complete

Restrooms: 3

CeilingHeight: 9

Investment Strategy: Opportunistic

Offered by Broker

Gerard Crum

Real Estate Advisor

Gerard Crum

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Highlights:

Assemblage opportunity
DC-1 zoning allows 200 vertical feet
Surface parking lot on Arlington Avenue
Walkable and near SunRunner corridor
Edge District
Retail Vacancy lowest in reg

Description:

An alternative use is an assemblage for development of up to 200 feet vertical. Many options include apartments, condos, office space, mixed use or other commercial use.
The building at 1005 1st Ave. N. was formally Cellar Masters , a wine store. Prior to this tenant the owner used as an office building. Currently unoccupied and ready for lease, sale or assemblage.