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Station House 260 1st Ave S 27,614 SF 100% Leased Office Building Saint Petersburg, FL 33701 For Sale
Investment Highlights
- Crown jewel of Downtown St. Pete: 5 story, 35,766 SF mixed use building with roughly 6,000 SF of rooftop, terraces, and balconies
- Conveys fully furnished, including a fully functional Commercial Bank vault
- Major recent capex: new roof (2015), new chiller (2022), full elevator modernization (2024)
- Fee simple ownership of land and improvements, allowing full depreciation to offset taxable income
- Originally built in 1911 as a fire station and train depot, fully renovated in 2018 with preserved industrial character
Executive Summary
The property comes fully furnished upon sale and includes a fully functional, immaculate Commercial Bank vault
The property has undergone significant capital expense improvements over the past few years, including a new roof in 2015, a new chiller installed in 2022, a full modernization and upgrade of the elevator system in 2024, and all HVAC units have been well maintained and are in good working order
Originally built in 1911 as a fire station and train depot, the property has been repositioned into a mixed-use destination while preserving its architectural character and industrial aesthetic
Fully re-imagined as a membership-based club and experiential workspace, catering to tech, real estate, and entrepreneurial users with current office count of 30 offices, full break kitchens on all 3 mixed-use floors, with ample room for expansion for owner occupied user or large format tenants
Situated in the urban core of St. Petersburg with immediate walk-ability to Central Ave, waterfront, and CBD amenities, benefiting from strong pedestrian traffic and dense employment base
High end amenities including a rooftop terrace, on-site restaurant, café/bar and communal areas, conference facilities, and event/ social spaces
Designed as a community-driven hub blending workspace, hospitality, and social activation with unique one of a kind street level multifloored retail/restaurant spaces
Surrounded by significant new development including luxury condos, hotels, and mixed-use projects, increasing daytime population and affluent residential density
Fee simple ownership of the land and the improvements allows for the next owner to depreciate the building and offset a significant amount of taxable income
Florida is a no income tax state
Data Room Click Here to Access
- Offering Memorandum
Property Facts
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 Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Home Team VR
- Rental and Leasing Services
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- -
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Lorem Ipsum
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Jan 0000
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- Educational Services
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Lorem Ipsum
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Jan 0000
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 | |
| Home Team VR | Rental and Leasing Services | - | - | Lorem Ipsum | Jan 0000 | |
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Educational Services | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
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.
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,481,243 CAD | |
| Land Assessment | $2,956,458 CAD | Total Assessment | $10,437,701 CAD |
Property Taxes
Contacts
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Ryan Derriman -
Jason Donald -
Chad Rupp -
Anthony Suarez -
Joe Ludovici -
Franklin Street
Presented by
Station House | 260 1st Ave S
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