1213 Arlington N Ave Saint Petersburg, FL 33705-1522
- Office buildings
- 1,928 SF
- 0.14 lot acres
May 01, 2025
Current Use by Public Records
- Gritsco, Inc / Food Processing Plant
- Euthenics, Inc. / Interior Design / Home Decor Store
Property Details for 1213 Arlington N Ave
- Year built
- 1953
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.14 lot acres
- Property size
- 1,928 SF
- Property type
- Office buildings
- APN
- 24-31-16-43668-000-0380
- APU
- 243116436680000380
Description
This 1,928 sq ft Class A office building in St. Petersburg, FL, presents a unique redevelopment opportunity. Situated on a 6,200 sq ft lot with DC-2 zoning, it allows for a high-rise development up to 125 feet, potentially 200 feet with a public hearing. The single-story, vacant building, built in 1953 and renovated in 2006, offers immediate use as a turnkey office space while providing significant future upside. Located just three blocks north of the Historic Gas Plant District redevelopment and two blocks from the new Tampa Bay Rays stadium, this property benefits from its proximity to the vibrant downtown core, including the planned Hines mixed-use development. The area offers easy access to I-275, mass transit, and bike lanes. With 4 parking spaces and 125 sq ft of air rights, this $1,270,000 property ($658.71/sq ft) represents a compelling investment in a rapidly growing area. The property is in an opportunity zone and features a resilient structure, undamaged by recent hurricanes. Across the street is a planned 21-story multifamily development, further highlighting the area's growth potential. This is an exceptional chance to acquire a strategically located asset with significant long-term value.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $657,000
- AI Estimate
- $657,000
Market price range: $387k - $825kMarket price range: $387k - $825k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $575,000 Current use
- COMMERCIAL (GENERAL)
- $1,160,000 Change: +102% Conversion: Easy
- AUTO REPAIR, GARAGE
- $675,000 Change: +17% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $615,000 Change: +7% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Saint Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.651
- Latitude
- 27.7728
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA