N Kenwood/St. Pete: Ideal for a Community Residential… — Sale in St. Petersburg, FL

  • Price: $875K
  • Listing type: For sale
  • Asset type: Office
  • Location: St. Petersburg, FL 33713
  • Size: 2,972 SF

Investment Figures

Price per square foot
$294

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Prime Property in a High-Traffic Location - Ideal for a Community Residential Home 1 to 6 Residents Discover the boundless potential of this modern 2018-built property, perfectly situated in the high-visibility, high-traffic neighborhood of North Kenwood, St. Petersburg. With 2,972 sq. ft. of thoughtfully designed space on a generous double lot spanning over 1/4 acre , the possibilities are endless. The 4-bedroom, 3-bathroom layout is easily adaptable, offering the potential to add two extra bedrooms without sacrificing the attached two-car garage . The beautiful outdoor spaces further enhance the property’s appeal, providing a peaceful and functional environment. Boasting ample parking and excellent accessibility to major roads , this property ensures maximum visibility and convenience. Whether you’re establishing a community-focused residential space or exploring other ventures, this exceptional location sets the stage for success. Unlock the opportunities and bring your vision to life today! Building SF: 2972 | Land Size: 0.27 Ac | Listing Type: FOR SALE

Market Context

This office in St. Petersburg, FL is listed for sale at $875,000 across 2,972 SF ($294/SF). It has been on the market for 71 days. Compare it against other office listings for sale in St. Petersburg, FL — view the full market.

As of Q1 2026, the Tampa office market showed an 18.2% vacancy rate, average asking rents near $29.00/SF/yr, rents up 18.7% year over year, and cap rates around 7.4%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

What is the typical cap rate for office in Tampa?
About 7.4% as of Q1 2026, per multiple brokerage reports.
Is the Tampa office market tightening or softening?
Vacancy is around 18.2%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$271.77/SF – $367.69/SF

Mid: $319.73/SF

Estimated total for 2,972 SF: $950,238 per year

Rate estimator only; cost-of-business estimate unavailable.

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