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Property profile

235 3Rd St St. Petersburg, FL 33701

OFF-MARKET
Retail properties & Spaces
16,160 SF 8.8 ac lot Built 2026
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Property summary

AI-generated overview

This exceptional retail lease opportunity presents 16,160 square feet of prime, first-generation commercial space in a new 33-story mixed-use development, slated for completion in late 2026. Located at 235 3rd St S, St. Petersburg, FL 33701, this Class A property offers multiple suites ranging from 2,236 to 7,314 contiguous square feet, ideal for various uses including restaurants, bars, cafes, retail stores, spas, salons, and more. The building boasts 323 parking spaces and elevators. Units feature up to 18'6" ceilings, floor-to-ceiling storefront windows, and access to a landscaped alleyway creating an outdoor gathering space. Situated three blocks from Central Avenue and one block from the Sunrunner BRT line, this location benefits from high visibility and proximity to University Village Shopping Center, Beach Drive, and other downtown attractions. The building's 268 luxury apartments will ensure high foot traffic and a vibrant atmosphere. The property sits on 8.8 acres and is zoned DC-1 (Pinellas County APN: 19-31-17-90465-001-0020). This is a unique opportunity to establish a business in the heart of St. Petersburg's thriving downtown, benefiting from the city's strong growth and influx of residents and businesses. The expansive end-cap restaurant space includes a 2,242 square foot second-level open-air balcony and an additional 1,526 square foot exterior turf area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2026
Total area 16,160 SF
Lot 8.8 ac (383,328 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Property Management Company
  • Training Center Tutoring Service
  • Property Management Company Construction
  • Barber Shop
  • Hotel & Motel

Location

235 3Rd St St. Petersburg, FL 33701
St. Petersburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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