235-239 2nd Ave S, St 22,000 SF Retail Building Saint Petersburg, FL 33701 $15,257,057 CAD ($693.50 CAD/SF)

The Wilson Building presents a rare opportunity to acquire a mixed-use asset in the heart of Downtown St. Petersburg's thriving urban core. Located at 235-239 2nd Avenue South, the two-story property encompasses approximately 21,804 square feet and was originally constructed in 1924. Significant renovations and capital improvements were completed in 2022, modernizing much of the building while preserving its historic character.
The property is occupied by a diversified mix of NNN tenants, including Black Leaf Cigar & Wine Bar, Growve/Viva 5 Corporation, and Jeff Scott Dentistry, providing stable in-place income. Additionally, one first-floor retail/office suite remains available for tenant buildout and occupancy, creating a compelling value-add opportunity for investors to increase revenue through lease-up or for owner-users seeking to establish a presence in one of Florida's most dynamic downtown markets.
Strategically positioned just steps from Beach Drive, the St. Petersburg Pier, waterfront parks, museums, restaurants, hotels, and the Bayfront entertainment district, the Wilson Building benefits from exceptional visibility, pedestrian traffic, and continued investment throughout Downtown St. Petersburg. The combination of stabilized tenancy, leasing upside, and remaining buildout potential offers investors multiple avenues for value creation.
As Downtown St. Petersburg continues to experience substantial residential, hospitality, and mixed-use development, opportunities to acquire well-located assets of this scale have become increasingly limited. The Wilson Building offers the chance to secure a strategic foothold in one of the Southeast's most desirable urban markets while capitalizing on the leasing and buildout opportunities that remain within the property.