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The Paramount 721 1st Ave N 13,042 SF Office Building Saint Petersburg, FL 33701 For Sale
Investment Highlights
- Historically charming office building with 40+ individual offices
- Incredible exposure on the corner of 1st Avenue North and 8th Street North in downtown St. Pete
- Beautifully appointed reception area, stunning conference room, top-of-the line kitchen/lounge
Executive Summary
Presenting a rare opportunity to acquire The Paramount Executive Offices, a distinguished two-story office property in downtown St. Petersburg. Built in 1938, this property blends historic charm with contemporary functionality, creating an impressive work environment in a thriving urban setting.
Spanning approximately 13,900 square feet, the building offers over 40 individual offices, a refined reception lounge, elegant conference room, and top-tier kitchen and break areas. This flexible layout accommodates single-tenant or multi-tenant configurations, ideal for corporate headquarters, professional firms, or creative offices. The seller is willing to lease back up to half of the space, providing investors with immediate occupancy income and operational stability.
Located at the corner of 1st Avenue North and 8th Street, the property enjoys excellent visibility and walkability scores near cultural venues, galleries, waterfront parks, and a vibrant culinary scene. Quick access to I-275 and major arterials ensures regional connectivity, while proximity to Tampa International Airport expands business reach. With zoning that supports office use and potential redevelopment considerations, this asset offers versatility for owner-users and investors seeking a signature property in a booming market.
Spanning approximately 13,900 square feet, the building offers over 40 individual offices, a refined reception lounge, elegant conference room, and top-tier kitchen and break areas. This flexible layout accommodates single-tenant or multi-tenant configurations, ideal for corporate headquarters, professional firms, or creative offices. The seller is willing to lease back up to half of the space, providing investors with immediate occupancy income and operational stability.
Located at the corner of 1st Avenue North and 8th Street, the property enjoys excellent visibility and walkability scores near cultural venues, galleries, waterfront parks, and a vibrant culinary scene. Quick access to I-275 and major arterials ensures regional connectivity, while proximity to Tampa International Airport expands business reach. With zoning that supports office use and potential redevelopment considerations, this asset offers versatility for owner-users and investors seeking a signature property in a booming market.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Building Size
13,042 SF
Building Class
B
Year Built/Renovated
1938/2008
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,521 SF
Building FAR
0.91
Lot Size
0.33 AC
Zoning
CBD 1,St. Petersburg - Central Business District
Parking
10 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Controlled Access
- Courtyard
- Reception
- Outdoor Seating
- Air Conditioning
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Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 19-31-17-83124-000-0030 | Improvements Assessment | $1,353,032 CAD |
| Land Assessment | $1,657,855 CAD | Total Assessment | $3,010,886 CAD |
Property Taxes
Parcel Number
19-31-17-83124-000-0030
Land Assessment
$1,657,855 CAD
Improvements Assessment
$1,353,032 CAD
Total Assessment
$3,010,886 CAD
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The Paramount | 721 1st Ave N
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