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Property profile & analytics
OFF-MARKET Estimated value $2,320,000
Bars & Pubs

1833 1st S Ave Saint Petersburg, FL 33712-1310

6,580 SF 0.09 ac lot Built 1958
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US18-1903092
Property summary
AI-generated overview

This exceptional 6,636 square foot, two-story building sits on a 16,000 square foot lot in St. Petersburg's Grand Central District, at 1833 1st Ave S, zip code 33713, Pinellas County, Florida. Built in 1958, the property features a striking contemporary double-door entry and facade. The interior boasts a spacious layout, including a grand reception lobby with a two-story ceiling and chandelier fixtures, a full-service bar, a large dance floor, a stage, two ADA-compliant restrooms, and VIP alcoves. The unique open ceiling design connects the first and second floors, creating a dynamic atmosphere. The second floor offers additional bar areas, restrooms, and VIP sections. The property offers multiple tenancy options, with a minimum divisible space of 2,980 square feet and a maximum contiguous space of 3,656 square feet. The building also includes an elevator and what appears to be functional mechanical, electrical, and plumbing systems. Abundant parking is available with a 1/16 parking ratio. This versatile space is ideal for a variety of uses, including nightclubs, restaurants, retail businesses, or office spaces. Its prime location benefits from high foot traffic and proximity to the Tropicana Stadium and other local attractions, offering excellent visibility and potential for success. The property's APN is 24-31-16-29718-016-0080.

Property profile
Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1958
Construction CONCRETE BLOCKS
Total area 6,580 SF
Lot 0.09 ac (3,999 SF)
APN 24-31-16-29718-016-0080
UPID US18-1903092
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lot 11 Parking Lot & Garage
  • Parking for rays Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.32M
Owner & transaction history
Penncap LLC · 5 yrs held
Penncap LLC
since 2021
Last sale
$2.7M
6 recorded transactions
2021
$2.7M
2019
$900,000
2017
$255,555
2009
$115,000
2008
$2.0M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $2.3M +17.5%
Auto repair, garage $2.3M +15.8%
Neighborhood: shopping center $2.1M +5.5%
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