Corner Flex Property with Alley
For Sale
$369,000
2560 5TH S, St Petersburg, FL 33712
IT-zoned corner property with a month-to-month occupant and planning guidance supporting creative, office, and workshop uses.
Property Size1,170 SF
Days on Market71
Property Features for 2560 5TH S
General Information
Standard status
Active
Size
1,170 SF
Property subtype
Commercial
Zoning
IT
Site & Location
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,113
Building Details
Building Size
1,170 SF
Year Built
1928
Buildings
1
Units
1
Tenancy
Single
Listed By:
Peter Dus, Jr.
(413) 441-3426
Source:
Elliman
Added: Aug 14
Changed: Oct 21
Last Checked: Oct 23 at 9:41AM
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 Peter Dus, Jr.
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Investment Insights
Based on property information with market context.
This 1928 flex property is improved with an income-producing building occupied by a long-term, month-to-month tenant. Recent capital improvements include a roof installed in 2015, HVAC replaced in 2020, and an electrical panel updated in 2023. The Industrial Traditional (IT) zoning district is associated with artist studios, galleries, photography studios, creative workspaces, design studios, maker spaces, workshops, breweries, and general office uses under guidance from the City of St. Petersburg Planning Department. Accessory retail sales and neighborhood café uses may also be permitted under applicable regulations, while live/work dwellings are not permitted.
The corner site provides approximately 100 feet of frontage on 5th Avenue South and 60 feet along 26th Street South, plus access from a 16-foot public alley. It is located at 2560 5th Avenue South in St. Petersburg, near Downtown, the EDGE District, Grand Central District, and the Pinellas Trail. WalkScore is 84, BikeScore is 73, and TransitScore is 53.
The corner site provides approximately 100 feet of frontage on 5th Avenue South and 60 feet along 26th Street South, plus access from a 16-foot public alley. It is located at 2560 5th Avenue South in St. Petersburg, near Downtown, the EDGE District, Grand Central District, and the Pinellas Trail. WalkScore is 84, BikeScore is 73, and TransitScore is 53.
Key Highlights
- Industrial Traditional (IT) zoning with guidance identifying creative, studio, workshop, brewery, and office uses
- Approximately 100 feet of frontage on 5th Avenue South and 60 feet on 26th Street South
- Additional access provided by a 16‑foot public alley
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,166
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,320
$363.3K
Cap Rate 7%
$259,514
$259.5K
Cap Rate 9%
$201,844
$201.8K
Market Conditions
NOI Build-Up for 1,170 SF
Gross rent
$30.5K $26.04/SF
− Vacancy
−$6.2K −$5.34/SF
EGI
$24.2K $20.70/SF
− OpEx
−$6.1K −$5.18/SF
NOI
$18.2K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,320
Cap Rate 7%
$259,514
Cap Rate 9%
$201,844
Alternative Uses
Best Use
Office B
$259.5K
$227.1K – $302.8K
NOI $18,166 @ 7.0% cap · market cap 4.92%
Second Best
Flex RnD
$151.2K
$132.3K – $176.4K
NOI $10,585 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$304.3K
$266.3K – $355.1K
NOI $21,303 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33712, FL
26,395
Population
13,055
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
4,124
Density / Sq Mi
$57,729
Median Household Income
$39,589
Median Earnings
$1,440
Median Rent
$300,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - IT-zoned corner property with a month-to-month occupant and planning guidance supporting creative, office, and workshop uses.
Where is this flex space located?
The property is located at 2560 5TH S St Petersburg, FL.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Industrial Traditional (IT) zoning with guidance identifying creative, studio, workshop, brewery, and office uses; Approximately 100 feet of frontage on 5th Avenue South and 60 feet on 26th Street South; Additional access provided by a 16‑foot public alley
