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31737537
31737538

200 1st Ave S, St. Petersburg, FL 33701

CBRE - Tampa
JG
FL SL3273659
CBRE - Tampa
JS
FL SL3347780
CBRE - Tampa
Listed by CBRE - Tampa
$9,265,000
77 days on market
Updated 10 days ago

Ford's Garage Anchored Strip Center

Details
Property Type Retail
Sub Type Bar, Restaurant
Square Footage 9,868
Cap Rate 6.49%
Tenancy Multi
Brand/Tenant Ford's Garage, Aji Ceviche
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 7.36%
Broker Co-Op Yes
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple

Located In the Heart of Downtown St. Petersburg, FL

Marketing description

CBRE is pleased to present a premier two-tenant retail investment located at 200 1st Avenue South in the heart of downtown St. Petersburg, occupied by Ford's Garage, a high-performing, experiential dining concept known for its strong

regional draw and consistent consumer traffic, and Aji Ceviche, a rising culinary concept dotted throughout southwest and central Florida.

The property's most distinctive feature is its direct connection to the McNulty Public Parking Garage, a 24-hour, 525-space facility that provides unmatched visibility, accessibility, and exposure for both tenants. What sets this asset apart

from virtually every other urban retail investment in the market is that the landlord participates in garage revenue, generating a meaningful income stream entirely outside of base rents. This type of ancillary income is exceptionally rare in a retail investment structure and materially strengthens the overall return profile, providing a layer of cash flow that is completely independent of tenant performance or lease obligations.

The property sits at the center of one of Downtown St. Pete's most active pedestrian corridors, surrounded by a dense mix of hotels, luxury residential towers, museums, and entertainment venues that generate sustained foot traffic throughout the day and into the evening.

Investment highlights

  • 100% Occupied by Two (2) Dining Concepts
  • Absolute NNN Leases
  • Annual Increases Provide Hedge Against Inflation
  • Additional Income Above Base Rent from Public Parking Garage
  • High Barrier to Entry
  • 50 Spaces in attached McNulty Parking Garage controlled by owner
  • Generational Opportunity
  • Newly Signed Leases
  • Hands Off Condo Management
  • Located at a Pedestrian-centric Signalized Corner
  • High Foot Traffic Environment
  • Strong Daytime Population

Listing Contacts

CBRE - Tampa
JG
FL SL3273659
CBRE - Tampa
JS
FL SL3347780
CBRE - Tampa
Listed by CBRE - Tampa

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Zoning

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DC-C CommercialCore CommercialDowntown Center Core
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Jennifer O'Cuinneagain
License
FL3299082
Brokerage
CBRE
Title
Jenn O'Cuinneagain
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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