Professional Office Building with
757 ARLINGTON AVE N St Petersburg, FL 33701
757 ARLINGTON AVE N, St Petersburg, FL, 33701
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For Sale
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Turnkey professional office building with built-out offices, file storage, and 27 on-site parking spaces on a corner parcel.
Property Size7,799 SF
Price / SF$480.83
Days on Market80
Property Features for 757 ARLINGTON AVE N
General Information
- Standard status
- Active
- Size
- 7,799 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1940
Listing agency
KW Commercial St. Petersburg
Listed by
Jon Wittner · License #SL637643
Source
Crexi
Added: May 5 Updated: Jul 22 at 10:12AM Checked: Jul 22 at 10:12AM
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 KW Commercial St. Petersburg
Investment Insights
Based on property information with market context.
This ±7,799 SF professional office building was formerly occupied by a law firm and is built out with high-quality offices plus dedicated file storage. The property is positioned to support professional services users looking for immediate functionality.
Set on a prominent corner at 8th Street N and Arlington Avenue, the building offers visibility within downtown St. Petersburg, with Central Avenue two blocks away and Mirror Lake one block away. The surrounding area is described as experiencing significant growth and revitalization, and the asset is located four blocks from the Historic Gas Plant Redevelopment Project.
The property sits on a 0.44-acre parcel and is zoned DC-2. It includes 27 on-site parking spaces, noted as 3.4 per 1,000 SF, supporting both day-to-day operations and future development considerations.
Set on a prominent corner at 8th Street N and Arlington Avenue, the building offers visibility within downtown St. Petersburg, with Central Avenue two blocks away and Mirror Lake one block away. The surrounding area is described as experiencing significant growth and revitalization, and the asset is located four blocks from the Historic Gas Plant Redevelopment Project.
The property sits on a 0.44-acre parcel and is zoned DC-2. It includes 27 on-site parking spaces, noted as 3.4 per 1,000 SF, supporting both day-to-day operations and future development considerations.
Key Highlights
- ±7,799 SF professional office building built in 1940 on a 0.44‑acre corner parcel
- Built‑out with high‑quality offices and dedicated file storage; formerly occupied by a law firm
- 27 on‑site parking spaces (3.4/1,000 SF) at 8th Street N and Arlington Avenue
Local 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 | $203.1k | $26.04 |
| − Vacancy | −$41.6k | −$5.34 |
| EGI | $161.5k | $20.70 |
| − OpEx | −$40.4k | −$5.18 |
| NOI | $121.1k | $15.53 |
7,799 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.73M
$1.51M – $2.02M
NOI $121,090 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,001 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Meros, Smith, Brennan, ...
Law Firm
Olney Gregory L
Law Firm
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FAQs
What type of property is this?
Office building - Turnkey professional office building with built-out offices, file storage, and 27 on-site parking spaces on a corner parcel.
Where is this office building located?
The property is located at 757 ARLINGTON AVE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: ±7,799 SF professional office building built in 1940 on a 0.44‑acre corner parcel; Built‑out with high‑quality offices and dedicated file storage; formerly occupied by a law firm; 27 on‑site parking spaces (3.4/1,000 SF) at 8th Street N and Arlington Avenue
