Commercial Lease · Restaurant
4950 1ST AVENUE N, ST PETERSBURG, FL, 33710
Active321 days on marketListed Sep 26, 2025MLS #TB8431966
About this property
The property at a glance
Prime Restaurant/Café Space – Will be Fully Renovated & Ready 2027 The property is in permitting and construction will start late 2026. 4950 1st Ave. N. offers an exceptional opportunity to establish a restaurant or café in one of St. Petersburg’s most dynamic and growing neighborhoods. Currently undergoing a complete renovation, this 1,430 SF space with an additional 250 SF outdoor dining area will be delivered in early 2026 as a modern, turnkey-ready property designed for food and beverage operators. Property Highlights New Construction Quality: Brand-new roof, HVAC, updated electrical and plumbing, and a fully refreshed interior and exterior. Flexible Layout: Conceptual design includes bar area, open dining, two restrooms, storage/utility space, and outdoor dining deck. Visibility & Access: Illuminated signage on 1st Ave. N. plus nine on-site parking spaces, including ADA-compliant access. Move-In Ready Shell: Delivered as a fully upgraded vanilla shell, ready for the tenant’s custom FF&E. Location Advantages Positioned at the crossroads of Central Oak Park and Live Oak, the property sits minutes from Downtown St. Pete, the Gulfport Arts District, Treasure Island, and Madeira Beach. With easy access to U.S. 19 and I-275, it benefits from both local and commuter traffic. Traffic Counts: 1st Ave N ~18,500–20,000 cars/day; Central Ave ~17,000–19,000 cars/day; U.S. 19 ~52,000 cars/day; I-275 ~150,000 cars/day. Public Transit: Adjacent to the SunRunner rapid bus line, averaging 55,000 rides monthly. Local Character: Surrounded by historic mid-century neighborhoods with strong community support for “shop and dine local” initiatives. Demographics & Market Strength Population (3-mile radius): 65,000+ Median Household Income: $68,800 Dining Out Spend: average $300–$600 a household monthly Annual Visitors: 15M+ to the Tampa Bay/St. Pete region Why Your Business Will Thrive Here This location combines strong neighborhood support, robust disposable income, and steady tourism traffic, making it an ideal site for specialty coffee shops, artisan bakeries, destination cafés, or unique dining concepts. The property’s positioning near growth hubs like the Edge District, Warehouse Arts District, Grand Central District, Downtown St. Pete, and the Beaches ensures easy access for local residents.
1,822
Building sq ft
$30
Price / sq ft
0.11
Lot acres
1951
Year built
1
Building
Restaurant
Property type
The numbers
Investment snapshot
NNN
Lease structure
3 to 5 Years
Lease term
Estimated payment (illustrative)
Estimated payment
$677/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
35,113
Population
$76,908
Median income
46.1
Median age
2.32
Avg household
$312,500
Median home value
$1,577/mo
Median rent
3,314
Households w/ kids
Recent sales
What actually sold near 4950 1ST AVENUE N
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,050,000
6305 GULF BOULEVARD
2,086 sqft · $503/sqft · Sold Feb 28, 2025
$77,992
6305 GULF BOULEVARD
2,086 sqft · $37/sqft · Sold Oct 1, 2025
$115,500
5101 8TH AVENUE S
4,620 sqft · $25/sqft · Sold Jun 17, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 4950 1ST AVENUE N — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 4950 1ST AVENUE N.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of INSTA REAL ESTATE SOLUTIONS · Michael Schultz. MLS #TB8431966.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New ST PETERSBURG listings, in your inbox
A daily digest of every new listing in ST PETERSBURG — straight from the MLS, hours after it goes live. Unsubscribe anytime.