Commercial Sale · Office
7321 1ST AVENUE S, ST PETERSBURG, FL, 33707
Active258 days on marketListed Jan 28, 2026MLS #TB8470111
About this property
The property at a glance
BACK ON THE MARKET through no fault of the seller. Currently a two-story office building with industrial 2 car garage on 0.17 acre lot with option to purchase two contiguous lots (0.17 acres each in size) for a total of 0.54 acres, all zoned CRT-1. This is also a unique turnkey investor opportunity in sought-after St. Petersburg along a well-traveled corridor, complete with plans, renderings, and permitting to construct a total of 12 open-concept townhomes. The two contiguous lots are cleared and graded. The existing building, which can be sold separately from the two lots, is perfectly suited for companies with trucks and/or heavy equipment, such as HVAC, plumbing, or general contracting firms in need of office space, fenced outdoor storage, indoor storage areas, and high-ceiling garage bays. Its upstairs bonus space can support a multitude of venue purposes. There are a total four (4) office spaces and two (2) bathrooms plus lobby/reception area. The alley running behind both the building and the lots can accommodate a variety of uses for either the office or the residences. A key advantage of this townhome project is the opportunity to retain the services of the contractor/developer/sellers for construction of the townhome project. Approved plans—which would require all three lots and the demolition of the existing building—are for three-story, three-bedroom, two-full-bath, and two-half-bath townhomes with optional private elevators that traverse all floors, from the stylish rooftop terraces to the gourmet kitchens and down to the two-car garages. Situated along a picturesque bike trail, this ideal parcel is one block from the famed Sunset Park, the Treasure Island Causeway, and unparalleled beaches to the west, while just minutes from the iconic St. Pete Pier, restaurants, and retail to the east. Both vacant lots are also being advertised separately under MLS #’s TB8470017 and TB8470032.
2,812
Building sq ft
$281
Price / sq ft
0.17
Lot acres
1979
Year built
1
Building
Office
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$4,314/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Tommy to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
Recent sales
What actually sold near 7321 1ST AVENUE S
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$360,000
6515 1ST AVENUE S
1,790 sqft · $201/sqft · Sold Dec 31, 2024
$595,000
6450 1ST AVENUE N
1,728 sqft · $344/sqft · Sold Dec 18, 2025
$1,030,000
4260 CENTRAL AVENUE
2,079 sqft · $495/sqft · Sold Dec 2, 2024
Your team
The pros in your corner
Your agent
Tommy Trainer
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 7321 1ST AVENUE S — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 7321 1ST AVENUE S.
See it in person
Schedule a tour
Live availability from Tommy's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of RE/MAX ACTION FIRST OF FLORIDA · David Crawford. MLS #TB8470111.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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