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Marketing Description
CBRE is pleased to offer for sale the Outback Steakhouse / Panera Bread retail and office center in St. Petersburg, Florida. The one and two-story, ±23,031 gross SF building is located on 4th Street North, just north of downtown St. Petersburg and in the middle of some of St. Petersburg’s most desirable neighborhoods. The center is 100% leased to six (6) tenants. Outback Steakhouse (8,463 SF) and Panera Bread (5,365 SF) are the major tenants, occupying 62% of the space and generating 68% of the gross income. The other four tenants are an Ameriprise Financial advisor, McLain Foods (food broker), Practically Pikasso (pottery painting), and St. Petersburg Dental Studio.
Fourth Street North is the major commercial corridor in this side of St. Petersburg and home to a variety of national and local retailers and service providers. The center is prominently located in highly dense residential area with barriers to entry.
The Outback Steakhouse / Panera Bread retail and office center offers an investor stable cash flow from established tenants, upside potential in below-market rents, and pride of ownership in one of St. Petersburg’s iconic commercial properties.
Investment Highlights
- A 2 Story, 23,031 SF Retail and Office Center
- 100% Leased to 6 Tenants
- Anchored by Outback Steakhouse and Panera Bread
- Stable Cash Flow from Established Tenants
- A+ Location on 4th Street North, Near Downtown St. Petersburg, One of Tampa Bay’s Strongest Submarkets
- Significant Upside Potential in Below-market rents
- 3-Mile Population: 108,092
- 3-Mile Average Household Income: $77,844
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Contact Information
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Zoning
CCT-1 CommercialSpecial CommercialCorridor Commercial Traditional
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View all 123 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
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Contacts
Sold on
BY:
Mark Shellabarger PRO
•••.•••.4479
•••••••••rger@•••••.com
Sold on
BY:
Ari Ravi PRO
•••.•••.6864
•ravi@•••••••.com
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