Mixed-Use Property with Redevelopment
For Sale
Contact for pricing
Pending
1400 7th Ave N, St Petersburg, FL 33705
Occupied multifamily and office improvements provide existing use and income while the site supports future residential development.
Property Size13,000 SF
Days on Market141
Property Features for 1400 7th Ave N
General Information
Standard status
Pending
Size
13,000 SF
Property subtype
Multifamily
Occupancy
100%
Financials
Cap Rate
7%
Gross Income
$535,000
Additional Details
Multifamily Units
18
Listing Agency:
Grimaldi Commercial Realty Corp
(813) 245-7333
Listed By:
David Rosenthal · License #FL SL3346176
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 11:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grimaldi Commercial Realty Corp
Investment Insights
Based on property information with market context.
This mixed-use property at 1400 7th Ave N combines 18 multifamily units with a 13,000-square-foot office building. The existing improvements are described as being in good condition, and all units are occupied. Tenants are on month-to-month leases, providing flexible timing for future planning or redevelopment.
The site was rezoned in 2024 to permit at least 54 and potentially as many as 106 multifamily units across the property. A plan is being developed to evaluate expansion within that range. The office building may remain in place while more than 20 units are added in the area occupied by the existing multifamily units. The property is located in downtown St. Petersburg beside St. Anthony’s Hospital.
The site was rezoned in 2024 to permit at least 54 and potentially as many as 106 multifamily units across the property. A plan is being developed to evaluate expansion within that range. The office building may remain in place while more than 20 units are added in the area occupied by the existing multifamily units. The property is located in downtown St. Petersburg beside St. Anthony’s Hospital.
Key Highlights
- 18 occupied multifamily units plus a 13,000 SF office building
- 2024 rezoning allows at least 54 and potentially as many as 106 multifamily units
- Existing office and multifamily improvements are described as being in good condition
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Occupied multifamily and office improvements provide existing use and income while the site supports future residential development.
Where is this mixed-use property located?
The property is located at 1400 7th Ave N St Petersburg, FL.
What are key features of this property?
This property features: 18 occupied multifamily units plus a 13,000 SF office building; 2024 rezoning allows at least 54 and potentially as many as 106 multifamily units; Existing office and multifamily improvements are described as being in good condition
