Two-Story Office
7024 CENTRAL Avenue St Petersburg, FL 33707
New
For Sale
$1,500,000
SINGLE_FAMILY - ST PETERSBURG, FL
Property Size4,960 SF
Lot Size0.18 Acres
Price / SF$302.42
Days on Market2
Property Features for 7024 CENTRAL Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
CCT-1
Security features
Security System
Window features
Blinds
Standard status
Active
APN
19-31-16-67500-071-0040
Size
4,960 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PASADENA ON THE GULF BLK 71, LOT 4 & W 5FT OF LOT 3
Tax Annual Amount
17430
Utilities
Utilities
Electricity Available
Sewer type
Septic Needed
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1922
Floors in Building
2
Flooring type
Tile, Carpet
Building materials
Block, Stucco, Frame
Roof type
Built-Up
Listing Agency:
LEVEROCKS REALTY
(727) 432-6852
Listed By:
Zach Lewis · License #3412732
(727) 432-3483
Added: Jul 28
Last Checked: Jul 29 at 5:06AM
MLS# TB8531043
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Now available, this two-story, 4,960-square-foot Class B office building offers a professional layout designed for both private offices and shared work areas. The interior includes a welcoming lobby, high ceilings, beautiful wood flooring, abundant natural light, private offices, open workspace areas, a conference room, a kitchen/breakroom, restroom facilities, and central air conditioning. A wheelchair-accessible entry is in place, and rear stair access connects to the second-floor suites.
The second floor is largely occupied by professional office tenants, with only one upstairs suite currently available. The owner’s company presently occupies much of the first floor and plans to relocate, creating near-term first-floor availability. Parking totals 16 spaces, including 12 onsite spaces and four additional spaces directly behind the building across the alley.
Zoned CCT-1, the property is located on Central Avenue in St. Petersburg and is positioned near Treasure Island Beach, Pasadena, Park Street, Tyrone, and established residential neighborhoods, as well as restaurants, shops, and other professional businesses. Showings are available by appointment; please do not disturb existing tenants.
The second floor is largely occupied by professional office tenants, with only one upstairs suite currently available. The owner’s company presently occupies much of the first floor and plans to relocate, creating near-term first-floor availability. Parking totals 16 spaces, including 12 onsite spaces and four additional spaces directly behind the building across the alley.
Zoned CCT-1, the property is located on Central Avenue in St. Petersburg and is positioned near Treasure Island Beach, Pasadena, Park Street, Tyrone, and established residential neighborhoods, as well as restaurants, shops, and other professional businesses. Showings are available by appointment; please do not disturb existing tenants.
Key Highlights
- 2‑story, 4,960‑sqft Class B office building built in 1922 along St. Petersburg’s West Central Avenue corridor
- Second floor largely tenant‑occupied, providing in‑place rental income with one upstairs suite currently available
- Owner presently occupies much of the first floor and plans to relocate, creating near‑term first‑floor availability for an owner‑user
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.2k | $26.04 |
| − Vacancy | −$26.5k | −$5.34 |
| EGI | $102.7k | $20.70 |
| − OpEx | −$25.7k | −$5.18 |
| NOI | $77.0k | $15.53 |
4,960 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$962.6K – $1.28M
NOI $77,011 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,309 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Class B office building with a mostly occupied second floor, high ceilings, private offices, open workspace, and 16 parking spaces.
Where is this office building located?
The property is located at 7024 CENTRAL Avenue St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2‑story, 4,960‑sqft Class B office building built in 1922 along St. Petersburg’s West Central Avenue corridor; Second floor largely tenant‑occupied, providing in‑place rental income with one upstairs suite currently available; Owner presently occupies much of the first floor and plans to relocate, creating near‑term first‑floor availability for an owner‑user
