Station House
Prime Downtown St. Pete Location
Marketing description
The crown jewel of Downtown St. Pete. A 5 Story, mixed-use building consisting of 35,766 square feet of gross area and 29,863 square feet of heated area, of which roughly 50% is retail/restaurant use and roughly 50% is office/mixed use with roughly 6,000 sq ft of outdoor rooftop, terraces, and balconies.
Originally built in 1911 as a fire station and train depot, the property has been repositioned into a mixed-use destination while preserving its architectural character and industrial aesthetic. Fully re-imagined as a membership-based club and experiential workspace, catering to tech, real estate, and entrepreneurial users with current office count of 30 offices, full break kitchens on all 3 mixed-use floors, with ample room for expansion for owner occupied user or large format tenants.
Situated in the urban core of St. Petersburg with immediate walk-ability to Central Ave, waterfront, and CBD amenities, benefiting from strong pedestrian traffic and dense employment base. High end amenities including a rooftop terrace, on-site restaurant, café/bar and communal areas, conference facilities, and event/social spaces.
Investment highlights
- The crown jewel of Downtown St. Pete. A 5 Story, mixed-use building consisting of 35,766 square feet of gross area and 29,863 square feet of heated area, of which roughly 50% is retail/restaurant use and roughly 50% is office/mixed use with roughly 6,000 sq ft of outdoor rooftop, terraces, and balconies
- The property comes fully furnished upon sale and includes a fully functional, immaculate Commercial Bank vault
- The property has undergone significant capital expense improvements over the past few years, including a new roof in 2015, a new chiller installed in 2022, a full modernization and upgrade of the elevator system in 2024, and all HVAC units have been well maintained and are in good working order
- Originally built in 1911 as a fire station and train depot, the property has been repositioned into a mixed-use destination while preserving its architectural character and industrial aesthetic
- Fully re-imagined as a membership-based club and experiential workspace, catering to tech, real estate, and entrepreneurial users with current office count of 30 offices, full break kitchens on all 3 mixed-use floors, with ample room for expansion for owner occupied user or large format tenants
- Situated in the urban core of St. Petersburg with immediate walk-ability to Central Ave, waterfront, and CBD amenities, benefiting from strong pedestrian traffic and dense employment base
- High end amenities including a rooftop terrace, on-site restaurant, café/bar and communal areas, conference facilities, and event/social spaces
- Designed as a community-driven hub blending workspace, hospitality, and social activation with unique one of a kind street level multifloored retail/restaurant spaces
- Surrounded by significant new development including luxury condos, hotels, and mixed-use projects, increasing daytime population and affluent residential density
- Fee simple ownership of the land and the improvements allows for the next owner to depreciate the building and offset a significant amount of taxable income
- Florida is a no income tax state
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