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    1960 S 5Th Ave St Petersburg, FL 33712

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    For Sale
    $3,700,000

    Single tenant, net lease investment in St. Petersburg's Arts District.

    Property size:
    13,695 SF
    Lot size:
    0.73 Acres

    Property Features for 1960 S 5Th Ave

    General Information

    Size
    13,695 SF
    Lot size
    0.73 Acres

    Source: LQ Commercial | Tampa Agent Mark Shellabarger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restored Warehouse in Arts District

    This property features a fully restored and renovated warehouse-style building currently operating as a cutting-edge wellness center. It is located in St. Petersburg’s Warehouse Arts District, an area known for its mix of artists, restaurants, microbreweries, offices, residences, and various businesses. The property is offered as a single tenant, net lease investment, which entails minimal landlord responsibilities. The current lease has a term of 4 and a half years, along with one 4-year option. The lease includes annual rent increases of 4%. The property's location in St. Petersburg places it within a city recognized as one of America’s hottest places to live and visit, a top street art city globally, and one of the best places to travel in the US. The building has a total area of 13,695 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spirits In Bulk Distillery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6597886
    Latitude
    27.7662745

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    FAQs

    What type of property is this?
    Retail space - Single tenant, net lease investment in St. Petersburg's Arts District.
    Where is this retail space located?
    The property is located at 1960 S 5Th Ave St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: - Fully restored and renovated warehouse-style building in St. Petersburg's Warehouse Arts District.; - Single Tenant, Net Lease Investment with minimal landlord responsibilities.; - 4 ½ year lease with 1 - 4 year option.
    (813) 765-4479
    Request Owner's contact information
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    St Petersburg, FL 33712
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1960 S 5Th Ave St Petersburg, FL 33712
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