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Property profile & analytics
OFF-MARKET
Strip malls

620 1st S Ave Saint Petersburg, FL 33701-4120

5,523 SF 0.1 ac lot Built 1947
Entity Owned 2-yr Hold
Property ID
US18-4507305
Property summary
AI-generated overview

Two upper-floor office suites are available for lease at 620 1st Ave S, St. Petersburg, FL 33701. Located above the award-winning Studio@620, these suites offer 400-500 square feet of space each, perfect for teams of 4-6. The building, a Class B property built in 1947, boasts 5,517 total square feet on a 0.9-acre lot. Currently, 900 square feet are vacant. These bright, welcoming suites feature ample windows and are situated in the heart of downtown St. Petersburg, within walking distance of restaurants, museums, shops, and residences. A nearby bus stop provides convenient access. A shared, well-equipped kitchenette is included, along with access to a large meeting room (reservation required). Street parking is available, or a nearby lot offers parking for $85/month. The base rent is $2,400 per month per suite, inclusive of all utilities except internet. Tenants may also arrange to host events in the award-winning Studio@620 space. The building offers 10 parking spaces, a 1.81:1 ratio. The property's APN is 19-31-17-74466-040-0030. This is an exceptional opportunity for businesses seeking a vibrant and inspiring workspace in a prime downtown location.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,523 SF
Lot 0.1 ac (4,143 SF)
APN 19-31-17-74466-040-0030
UPID US18-4507305
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
  • Studio@620 Art Gallery
  • muscle therapy plus Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
The Studio 620 INC · 2 yrs held
The Studio 620 INC
since 2023
Last sale
$550,000
5 recorded transactions
2025
Price N/A
2023
$550,000
2004
$275,000
1999
$165,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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