This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Melrose Park Place 1940 7th Ave S

9,874 SF Office Building Saint Petersburg, FL 33712 $1,690,000 ($171/SF)

Investment Highlights

  • The site is easily accessible via 9th Avenue South from two lighted intersections at 16th Street South and 22nd Street South.
  • The address is minutes from all the Downtown Dining & Shopping Districts such as Grand Central, The Edge, 600 Block, Jannus Landing, Beach Drive

Executive Summary

Now Live on the Market Opportunity
Extraordinary & Immaculate Commercial Site
Melrose Park Place
Our Offering is for a 10,000 SF renovated structure on 2/3 of an acre land mass. The building has gone through a massive reconstruction, Plans and Mechanicals will be supplied. Currently, the building is nearing the end of construction. The site is being sold As-Is.
The site consists of a large exterior footprint, on the south side of the structure there is a drive-thru carport that leads to one of the two main entrances. The primary parking lot is also located in this area with over 20 spaces. In the southeast corner, a brand paver section has been created for additional parking and/or an outside terrace.
The main entrance is on the west side and features a dignified canopy with double doors. The north side has 2 roll-up doors into the warehouse/ garage section. The east side also has a roll-up that leads to the same work area. The interior has had extensive MEP work plus new drywall and finishes.
A special document will be available with a list of over 33 very significant improvements to the property. The interior floorplan is attached, but it consists of multiple open spaces, offices, workspaces, reception areas, a conference room, restrooms, and a warehouse. The site also boasts of having an area with a full bathroom and kitchen, lending itself to a live / work scenario.
The property appears to have many uses such as Office, Industrial, Retail as an accessory, and Multi-Family. The current state of the building lends itself to Medical Use, Spa, Showroom Warehouse, Manufacturing & Assembly, Brewery, Food Processing, Distillery, Restaurant, and more. The site is also a strong candidate for re-development play for a multi-family. Please see the following Zoning Code: ZONING: Zoning is NSM-1 / Neighborhood Suburban Multi-Family - 1. Which allows 15 units per acre with 6 units additional for Workforce housing. Thus, it appears this site will allow up to 10 units plus 4 for Workforce housing.
LOCATION DESCRIPTION: The site is located on 7th Avenue South on the 1900 Block at 1940 7th Avenue South. The site is easily accessible via 9th Avenue South from two lighted intersections at 16th Street South and 22nd Street South. The address is minutes from all the Downtown Dining & Shopping Districts such as Grand Central, The Edge, 600 Block, Jannus Landing, Beach Drive, and the Waterfront.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
9,874 SF
Building Class
C
Year Built
1964
Price
$1,690,000
Price Per SF
$171
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,874 SF
Building FAR
0.35
Land Acres
0.64 AC
Opportunity Zone
Yes
Zoning
NSM-1 - Neighborhood Suburban Multi-Family - 1. Which allows 15 units per acre with 6 units additional for Workforce housing. Thus, it appears this site will
Parking
18 Spaces (1.82 Spaces per 1,000 SF Leased)

Amenities

  • Wheelchair Accessible
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 4,774-9,874 SF
  • Office/Retail
  • -
  • Now

Our Offering is for a 10,000 SF renovated structure on 2/3 of an acre land mass. The building has gone through a massive reconstruction, Plans and Mechanicals will be supplied. Currently, the building is nearing the end of construction. The site can be leased As-Is or finishing touches may be requested. The site consists of a large exterior footprint, on the south side of the structure there is a drive-thru carport that leads to one of the two main entrances. The primary parking lot is also located in this area with over 20 spaces. In the southeast corner, a brand paver section has been created for additional parking and/or an outside terrace. The main entrance is on the west side and features a dignified canopy with double doors. The north side has 2 roll-up doors into the warehouse/ garage section. The east side also has a roll-up that leads to the same work area. The interior has had extensive MEP work plus new drywall and finishes. A special document will be available with a list of over 33 very significant improvements to the property. The interior floorplan is attached, but it consists of multiple open spaces, offices, workspaces, reception areas, a conference room, restrooms, and a warehouse. The site also boasts an area with a full bathroom and kitchen, lending itself to a live / work scenario. The property appears to have many uses such as Office, Industrial, Retail as an accessory, and Multi-Family. The current state of the building lends itself to Medical Use, Spa, Fitness, General Office, Showroom Warehouse, Manufacturing & Assembly, Brewery, Food Processing, Distillery, Restaurant, and more.

Space Size Space Use Condition Available
1st Floor 4,774-9,874 SF Office/Retail - Now

1st Floor

Size
4,774-9,874 SF
Space Use
Office/Retail
Condition
-
Available
Now

1st Floor

Size 4,774-9,874 SF
Space Use Office/Retail
Condition -
Available Now

Our Offering is for a 10,000 SF renovated structure on 2/3 of an acre land mass. The building has gone through a massive reconstruction, Plans and Mechanicals will be supplied. Currently, the building is nearing the end of construction. The site can be leased As-Is or finishing touches may be requested. The site consists of a large exterior footprint, on the south side of the structure there is a drive-thru carport that leads to one of the two main entrances. The primary parking lot is also located in this area with over 20 spaces. In the southeast corner, a brand paver section has been created for additional parking and/or an outside terrace. The main entrance is on the west side and features a dignified canopy with double doors. The north side has 2 roll-up doors into the warehouse/ garage section. The east side also has a roll-up that leads to the same work area. The interior has had extensive MEP work plus new drywall and finishes. A special document will be available with a list of over 33 very significant improvements to the property. The interior floorplan is attached, but it consists of multiple open spaces, offices, workspaces, reception areas, a conference room, restrooms, and a warehouse. The site also boasts an area with a full bathroom and kitchen, lending itself to a live / work scenario. The property appears to have many uses such as Office, Industrial, Retail as an accessory, and Multi-Family. The current state of the building lends itself to Medical Use, Spa, Fitness, General Office, Showroom Warehouse, Manufacturing & Assembly, Brewery, Food Processing, Distillery, Restaurant, and more.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
25-31-16-37170-000-0260
Land Assessment
$145,760
Improvements Assessment
$220,713
Total Assessment
$366,473
  • Listing ID: 31966234

  • Date on Market: 5/30/2024

  • Last Updated:

  • Address: 1940 7th Ave S, Saint Petersburg, FL 33712

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}