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The Paramount 721 1st Ave N 13,739 SF Office Building Saint Petersburg, FL 33701 $4,500,000 ($327.53/SF)
Investment Highlights
- ±13,939 SF two-story office building
- Prominent downtown corner location
- Owner-user, investment, and redevelopment opportunity
- Historic character with modern interior improvements
- Multiple offices, conference rooms, and break areas
- Rare opportunity to establish a presence in Downtown St. Petersburg's urban core
Executive Summary
721 1st Avenue North is a distinguished two-story office building located at the prominent corner of 1st Avenue North and 8th Street North in Downtown St. Petersburg. Originally constructed in 1920 and 1938, the approximately 13,739 SF building blends historic architectural character with modern office functionality.
The property features a reception area, multiple conference rooms, private offices, and employee break areas, creating a turnkey environment for a corporate headquarters, professional services firm, or multi-tenant office user. Its highly visible corner location provides excellent exposure and is within walking distance of Downtown St. Petersburg's premier restaurants, retail, hotels, and cultural attractions.
Zoned DC-1 (Downtown Center-1), the property offers exceptional flexibility for office, retail, residential, hospitality, and mixed-use uses. In addition to its immediate occupancy potential, the site presents a compelling long-term redevelopment opportunity in one of Florida's fastest-growing downtown markets.
The property features a reception area, multiple conference rooms, private offices, and employee break areas, creating a turnkey environment for a corporate headquarters, professional services firm, or multi-tenant office user. Its highly visible corner location provides excellent exposure and is within walking distance of Downtown St. Petersburg's premier restaurants, retail, hotels, and cultural attractions.
Zoned DC-1 (Downtown Center-1), the property offers exceptional flexibility for office, retail, residential, hospitality, and mixed-use uses. In addition to its immediate occupancy potential, the site presents a compelling long-term redevelopment opportunity in one of Florida's fastest-growing downtown markets.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
13,739 SF
Building Class
B
Year Built/Renovated
1938/2008
Price
$4,500,000
Price Per SF
$327.53
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,870 SF
Building FAR
0.97
Lot Size
0.33 AC
Zoning
DC-1 Zoning - Central Business District - Flexible DC-1 Zoning
Parking
13 Spaces (0.95 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Courtyard
- Reception
- Outdoor Seating
- Air Conditioning
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 19-31-17-83124-000-0030 | Improvements Assessment | $981,895 |
| Land Assessment | $1,203,105 | Total Assessment | $2,185,000 |
Property Taxes
Parcel Number
19-31-17-83124-000-0030
Land Assessment
$1,203,105
Improvements Assessment
$981,895
Total Assessment
$2,185,000
(727) 823-1230
x233
Contacts
-
Michael Heretick -
Montana Massa -
Vector Commercial Real Estate Services, LLC
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The Paramount | 721 1st Ave N
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