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655 2nd Ave S 14,091 SF Retail Building Saint Petersburg, FL 33701 $10,469,400 CAD ($742.98 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prime Downtown Location – Strategically positioned in St. Petersburg’s vibrant urban core
- Outstanding Parking – A rarity in downtown St. Petersburg, enhancing customer convenience.
- World-Class Event Space – Second-level private event venue, ideal for upscale gatherings. Outstanding Parking – A rarity in downtown St. Petersburg, e
- Top-Ranked Tenant – Leased to Rococo Steakhouse, the area's #1 rated steakhouse per TripAdvisor & OpenTable
- Wine Room – A refined addition, enhancing the property’s high-end appeal.
- Low risk and amazing value add opportunity with new development in all directions
EXECUTIVE SUMMARY
Iconic Downtown St. Petersburg Destination Steakhouse!
Seize the opportunity to own a premier commercial property in the heart of downtown St. Petersburg, fully leased to Rococo Steakhouse, a top-rated, full-service 4 plus star destination restaurant renowned for its exceptional dining experience.
Situated on a 34,000 SF site, this 15,751 SF, two-story (plus attic) masterpiece has been tastefully restored and meticulously maintained, offering investors a turnkey
income-generating asset with significant future upside.
Lease & Investment Potential:
Stable Long-Term Tenant – Tenant has exercised its secong of three 5-year options, ensuring ongoing stability.
Upcoming Michelin Guide Recognition (2025) – St. Pete will be included in the Michelin Guide for the first time, increasing the potential value of the restaurant.
Future Value & Redevelopment Potential – Zoned DC-1, the site allows for an FAR greater than 7.0 and a max height of 375 feet through streamlined zoning process,
offering high-density redevelopment possibilities in one of Florida’s most dynamic urban centers.
Rent Growth Potential – Opportunity for increased rental income upon lease expiration.
Rare chance to acquire a fully leased, high-profile asset in St. Petersburg’s thriving downtown market, with immediate passive income and substantial future upside.
Perfect for investors seeking stable returns, long-term appreciation, and possible prime redevelopment potential in a rapidly growing metropolitan area.
Seize the opportunity to own a premier commercial property in the heart of downtown St. Petersburg, fully leased to Rococo Steakhouse, a top-rated, full-service 4 plus star destination restaurant renowned for its exceptional dining experience.
Situated on a 34,000 SF site, this 15,751 SF, two-story (plus attic) masterpiece has been tastefully restored and meticulously maintained, offering investors a turnkey
income-generating asset with significant future upside.
Lease & Investment Potential:
Stable Long-Term Tenant – Tenant has exercised its secong of three 5-year options, ensuring ongoing stability.
Upcoming Michelin Guide Recognition (2025) – St. Pete will be included in the Michelin Guide for the first time, increasing the potential value of the restaurant.
Future Value & Redevelopment Potential – Zoned DC-1, the site allows for an FAR greater than 7.0 and a max height of 375 feet through streamlined zoning process,
offering high-density redevelopment possibilities in one of Florida’s most dynamic urban centers.
Rent Growth Potential – Opportunity for increased rental income upon lease expiration.
Rare chance to acquire a fully leased, high-profile asset in St. Petersburg’s thriving downtown market, with immediate passive income and substantial future upside.
Perfect for investors seeking stable returns, long-term appreciation, and possible prime redevelopment potential in a rapidly growing metropolitan area.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
14,091 SF
Building Class
C
Year Built
1924
Price
$10,469,400 CAD
Price Per SF
$742.98 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.77 AC
Zoning
DC-1 - Downtown Core
Parking
45 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Rococo Steak
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Rococo Steak | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-31-17-74466-040-0130 | Improvements Assessment | $670,368 CAD |
| Land Assessment | $6,060,103 CAD | Total Assessment | $6,730,470 CAD |
PROPERTY TAXES
Parcel Number
19-31-17-74466-040-0130
Land Assessment
$6,060,103 CAD
Improvements Assessment
$670,368 CAD
Total Assessment
$6,730,470 CAD
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655 2nd Ave S
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