CENTURY 21 Edge
✦ Hotel/Motel

Commercial Sale · Hotel/Motel

$4,100,000$4,800,0006,891 sq ft$595 /sq ft0.09 acres

342 3RD AVENUE N, ST PETERSBURG, FL, 33701

Active225 days on marketListed Mar 10, 2026MLS #TB8485256

About this property

The property at a glance

This property offers a unique investment opportunity in the heart of downtown St. Petersburg, Florida. Situated on 3rd Avenue North, the asset is currently configured as a Hotel/Motel with 21 licensed rental units, 20 guest units, and 1 unit for owner or employee. Total building area of approximately 6,891 square feet. The structure spans two stories and features a flat roof, concrete block and stucco exterior, and drywall interiors. The property sits on a 4,161-square-foot lot with 40 feet of frontage and 100 feet of depth, providing excellent visibility and accessibility. It is located within a vibrant urban core surrounded by retail, dining, and cultural attractions, making it highly desirable for hospitality or redevelopment purposes. With its central location, proximity to major thoroughfares, and strong tourism demand in St. Petersburg, this property presents significant upside potential for investors seeking to reposition or continue operating in the hospitality sector.

6,891

Building sq ft

$595

Price / sq ft

0.09

Lot acres

1937

Year built

1

Building

DC-1

Zoning

Hotel/Motel

Property type

Building size6,891 sq ft
Lot size0.09 acres
Year built1937
Buildings1
ZoningDC-1
ConstructionConcrete · Stucco
CoolingWall/Window Unit(s)
Annual taxes$21,575

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)

Down payment25% · $1,025,000
Interest rate7.50%
Loan term

Estimated payment

$23,459/mo

Principal & interest$21,501
Property taxes (actual bill)$1,798
Est. insurance$160

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 Colleen to connect you with a commercial lender for real numbers.

Your team

The pros in your corner

Colleen Brown

Your agent

Colleen Brown

REALTOR® · CENTURY 21 Edge

Tours, offers, and every question about 342 3RD AVENUE N — start here.

CallText
colleen.brown@c21edge.com
Andrew Acosta

Financing contact

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Ask about commercial financing options for 342 3RD AVENUE N.

Get in touchCall
aacosta@prmg.net

See it in person

Schedule a tour

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Listing courtesy of CEDERMAN PROPERTIES · Eric Cederman. MLS #TB8485256.

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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342 3RD AVENUE N, ST PETERSBURG, FL — $4,100,000 | CENTURY 21 Edge