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    1940 7Th Ave St. Petersburg, FL 33712

    For Sale
    $1,690,000

    9,874 SF Office, Near Completion

    Property size:
    9,874 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 9,874 square foot executive office building in St. Petersburg, Florida, is nearing completion after a substantial renovation. Located on a 0.63-acre lot at 1940 7th Ave S, this Class B property, built in 1964, boasts a newly renovated interior with extensive mechanical, electrical, and plumbing (MEP) upgrades, new drywall, and finishes. A detailed list of over 33 significant improvements is available. The interior features multiple open spaces, offices, workspaces, reception areas, a conference room, restrooms, and a warehouse area. A full bathroom and kitchen add to the versatility, making it ideal for live/work scenarios. The exterior includes a drive-thru carport, ample parking (over 20 spaces), and a paved area suitable for additional parking or an outdoor terrace. Two roll-up doors provide access to the warehouse/garage section. The main entrance features a dignified canopy with double doors. The property is zoned NSM-1 (Neighborhood Suburban Multi-Family - 1), allowing for multiple potential uses, including office, industrial, retail, medical, spa, showroom, manufacturing, assembly, brewery, food processing, distillery, restaurant, and multi-family development (up to 14 units, including workforce housing). Its prime location offers easy access to major roadways (I-275 and US Hwy 19), downtown St. Petersburg's dining and shopping districts, three major hospitals, and two universities. The asking price is $1,690,000. The property is being sold "as-is."

    Property Features for 1940 7Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,874 SF
    Class
    B
    Lot Size
    27,443 SF

    Building Details

    Year Built
    1964

    HighLights

    • Off‑Market Commercial Real Estate Investment Opportunity in St. Petersburg, FL.
    • Prime location in the Tampa Bay Metro area, Melrose District.
    • Newly renovated 9,874 SF Class B building on a 0.63‑acre lot.
    • Features include abundant parking (20+ spaces), a drive‑thru carport, and two roll‑up doors.
    • Versatile floorplan with open spaces, offices, a conference room, warehouse area, full kitchen, and bathroom, ideal for live/work.
    • Extensive upgrades including new HVAC, MEP systems, drywall, and finishes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Precision Build & Design Custom Home Builder Precision Solar Design Solar Energy Company Precision Builds Futures Charity

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    St. Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6597324
    Latitude
    27.7625988

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    FAQs

    What type of property is this?
    Office Property / Space - 9,874 SF Office, Near Completion
    Where is this office property / space located?
    The property is located at 1940 7Th Ave St. Petersburg, FL.
    What is the asking price?
    The asking price for this property is $1,690,000.
    What are key features of this property?
    This property features: Off-Market Commercial Real Estate Investment Opportunity in St. Petersburg, FL.; Prime location in the Tampa Bay Metro area, Melrose District.; Newly renovated 9,874 SF Class B building on a 0.63-acre lot.
    Request Owner's contact information
    1940 7Th Ave 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
    1940 7Th Ave St. Petersburg, FL 33712
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