Share This Listing

Message

949 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

  • 5-Story Premium Mixed-Use Building in Downtown St. Petersburg
  • Elevator is fully modernized and upgraded (2024)
  • Built in 1911 as a historic fire station and train depot
  • .21 Acres (9,258 SF) | 35,766 Gross SF | 29,713 Heated SF
  • Allows for high density of 10.0 Floor Area Ratio (FAR)
  • Located in the walkable urban heart of Downtown St. Petersburg

Executive Summary

Franklin Street is pleased to present a rare opportunity for an investor or owner-occupier to acquire the crown jewel of Downtown St. Petersburg. This iconic, fully furnished, 5-story mixed-use asset features 35,766 square feet of gross area. Originally constructed in 1911 as a historic fire station and train depot, the property perfectly blends its original industrial aesthetic with a modern, experiential workspace. The building spans 29,713 square feet of heated space, balanced with a 50/50 split between street-level retail/restaurant use and office spaces. Currently operating as a community-driven club tailored for tech, real estate, and entrepreneurial professionals, the property offers 30 offices and full break kitchens on all three mixed-use floors. Premium, high-end amenities include 6,000 square feet of outdoor rooftop terraces and balconies, an onsite cafe and bar, event spaces, and an immaculate, fully functional Commercial Bank vault.

Situated in the dynamic urban core of St. Petersburg, the property offers immediate walkability to Central Ave, the waterfront, and central business district amenities. This prime location provides direct access to a strong employee and customer base, anchored by major regional economic drivers like local universities and airports. The surrounding area is experiencing rapid growth, surrounded by luxury condos and new hotel developments that continue to drive affluent residential density and pedestrian foot traffic. The asset has undergone extensive capital improvements to ensure turnkey operations, including a new roof (2015), a new chiller (2022), and a fully modernized elevator system (2024), alongside meticulously maintained HVAC units. Offered with fee simple ownership of both the land and improvements, this listing allows the next owner to immediately benefit from asset depreciation, in a no income tax state.

Attachments

Station House OM

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
27,614 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1985
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
4,810 SF
Slab To Slab
10’
Building FAR
3.02
Lot Size
0.21 AC
Zoning
DC1 - Downtown Commercial
Parking
190 Spaces (6.88 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Controlled Access
  • Conferencing Facility
  • Property Manager on Site
  • Restaurant
  • Signage
  • Wheelchair Accessible
  • Reception
  • Roof Terrace
  • Storage Space
  • Outdoor Seating
  • Air Conditioning
  • Balcony

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

For over a decade, Comfort & Care of Tampa Bay has offered the highest quality personalized home care staffing solutions to meet the individual needs of their clients. They are a locally owned home care company that understands the difficulty of finding quality, reliable, skilled, trustworthy care for a loved one. They are bonded, insured, and licensed by the state. License #: 30211404. They periodically undergo stringent audits and have an exemplary standing with the Agency for Health Care Administration. Whether you need them for a short period while recovering from surgery or for long-term care to provide ongoing care for an aging or disabled person, they’re here to help.

  • Real Estate
  • -
  • -
  • -
  • -

Dalton Wade Real Estate Group was founded in 2015 and operates as a cloud-based residential real estate brokerage. The company helps buyers and sellers with listings, home purchases, and home valuation services, while also supporting agents through a multi-state network. Dalton Wade Real Estate Group maintains licensing and brokerage activity across several U.S. markets, reflecting a broader regional reach beyond its Florida roots.

  • -
  • -
  • -
  • -
  • -

Gianco Companies is a multi-faceted brand with its main investments in hotels, residential developments, mixed-use assets, technology, finance, and energy. With an Investment Banking background, but Private-Equity based approach, Gianco Companies seeks opportunities in existing niche products or boutique brands as well as new or existing real estate assets. Through complex structured transactions, investments, and acquisitions, the company focuses on employing creative sales and marketing strategies, forward-thinking design and brand creation, and unique market re-positioning to add value to its portfolio. Gianco Companies has been an investor, co-developer, and managing partner to numerous transactions totaling over $200 million in value.

  • Good Fortune
  • Accommodation and Food Services
  • -
  • -
  • -
  • -
  • Home Team VR
  • Rental and Leasing Services
  • -
  • -
  • Triple Net
  • May 2030
  • Jesse Spencer
  • -
  • -
  • -
  • -
  • -
  • Real Estate
  • -
  • -
  • -
  • -

Main Street & Main is a registered Real Estate Corporation in the State of Florida. Their Team is made up of highly-accomplished Real Estate and Business Professionals with varying specializations in: Restaurants, Bars, Nightclubs, Convenience Stores, Gas Stations, Manufacturing, Golf Courses, Hotels and Resorts, Investment Properties and more.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Medical Bill Gurus provides nationwide support to patients and healthcare professionals seeking assistance with navigating the financial complexities of a dynamic healthcare landscape. Emerging technologies and changing business models are driving a shift in the role of medical billing in healthcare – from leveraging technology in support of the business, to the higher, more strategic goal of protecting and enhancing patient care. With empathy at the forefront of our daily mission, Medical Bill Gurus is dedicated to being in the trenches with patients and raise awareness for the daily challenges facing them. From medical billing errors to raising awareness for their diagnosis, Medical Bill Gurus takes pride in speaking with patients everyday and helping them Today, it is critical that your medical billing partner have strong processes and practices to ensure the alignment of insurance reimbursements and to drive excellence through the IT infrastructure and the operations it supports.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

All things unique and extraordinary are derived from a simple thought or idea, a “Vision”. Welcome to Station House St. Pete. Station House is a marriage of business, technology, finance, real estate and the arts, brought together to create one complete networking mecca. Let the journey begin, as we introduce to you a concept established in the year 1911 through its historic DNA as a Fire Station and Train Station, with a modern sense of styling and technology, adjoined in harmony to meet the human instinctive desires for community and social interaction. Station House is dedicated to providing a comfortable, yet dynamic environment in which our guests can interact socially or professionally, work or co-work quietly, enjoy food, drinks and entertainment, and relax peacefully. By creating this communal environment and setting a standard of service that exceeds the expectations of our guests, Station House is sure to guarantee an experience that is sought out by the discerning consumer.

  • Educational Services
  • -
  • -
  • Full Service
  • Aug 2017

The Iron Yard exists to create exceptional value for people and their ideas through code education, startup accelerators and coworking spaces. Through our broad, deep and growing network of teachers, programmers, designers, entrepreneurs, investors, employers and coworking spaces, we have developed a thriving community where serendipity happens en masse.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Health Care and Social Assistance - - - -
Real Estate - - - -
- - - - -
Good Fortune Accommodation and Food Services - - - -
Home Team VR Rental and Leasing Services - - Triple Net May 2030
Jesse Spencer - - - - -
Real Estate - - - -
Professional, Scientific, and Technical Services - - - -
Accommodation and Food Services - - - -
Educational Services - - Full Service Aug 2017

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 100
  • 6,136-8,823 SF
  • Restaurant
  • Full Build-Out
  • Oct 2026

An exceptional opportunity to lease a prime ground-floor restaurant space at 260 1st Avenue South in the vibrant core of Downtown St. Petersburg. This highly visible location benefits from strong pedestrian traffic, surrounding nightlife, cultural venues, and a dense daytime workforce - making it ideally suited for an upscale dining or flagship culinary experience. The property is positioned within one of the city’s fastest-evolving luxury corridors, directly influenced by the recent opening of Art House condominiums, the landmark 400 Central residential tower, and the forthcoming Waldorf Astoria Residences, all of which are introducing a significant concentration of affluent residents and destination visitors within immediate walking distance. This rare downtown offering combines premier visibility, proven restaurant infrastructure, and long-term growth driven by luxury residential development—creating a compelling setting for a sophisticated, high-end restaurant concept seeking prominence in St. Petersburg’s most dynamic dining district.

Space Size Space Use Build-Out Available
1st Fl-Ste 100 6,136-8,823 SF Restaurant Full Build-Out Oct 2026

1st Fl-Ste 100

Size
6,136-8,823 SF
Space Use
Restaurant
Build-Out
Full Build-Out
Available
Oct 2026

1st Fl-Ste 100

Size 6,136-8,823 SF
Space Use Restaurant
Build-Out Full Build-Out
Available Oct 2026

An exceptional opportunity to lease a prime ground-floor restaurant space at 260 1st Avenue South in the vibrant core of Downtown St. Petersburg. This highly visible location benefits from strong pedestrian traffic, surrounding nightlife, cultural venues, and a dense daytime workforce - making it ideally suited for an upscale dining or flagship culinary experience. The property is positioned within one of the city’s fastest-evolving luxury corridors, directly influenced by the recent opening of Art House condominiums, the landmark 400 Central residential tower, and the forthcoming Waldorf Astoria Residences, all of which are introducing a significant concentration of affluent residents and destination visitors within immediate walking distance. This rare downtown offering combines premier visibility, proven restaurant infrastructure, and long-term growth driven by luxury residential development—creating a compelling setting for a sophisticated, high-end restaurant concept seeking prominence in St. Petersburg’s most dynamic dining district.

Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 19-31-17-74466-036-0060
  • 19-31-17-74466-036-0040
Land Assessment
$2,930,625 CAD
Improvements Assessment
$7,415,874 CAD
Total Assessment
$10,346,500 CAD
  • Listing ID: 41098385

  • Date on Market: 2026-06-29

  • Last Updated:

  • Address: 260 1st Ave S, Saint Petersburg, FL 33701

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}