1213 Arlington AveSt. Petersburg, FL 33705

This 1,928 sq ft Class A office building in St. Petersburg, FL, presents a unique redevelopment opportunity. Situated on a 6,200 sq ft lot with DC-2 zoning, it allows for a high-rise development up to 125 feet, potentially 200 feet with a public hearing. The single-story, vacant building, built in 1953 and renovated in 2006, offers immediate use as a turnkey office space while providing significant future upside. Located just three blocks north of the Historic Gas Plant District redevelopment and two blocks from the new Tampa Bay Rays stadium, this property benefits from its proximity to the vibrant downtown core, including the planned Hines mixed-use development. The area offers easy access to I-275, mass transit, and bike lanes. With 4 parking spaces and 125 sq ft of air rights, this $1,270,000 property ($658.71/sq ft) represents a compelling investment in a rapidly growing area. The property is in an opportunity zone and features a resilient structure, undamaged by recent hurricanes. Across the street is a planned 21-story multifamily development, further highlighting the area's growth potential. This is an exceptional chance to acquire a strategically located asset with significant long-term value.