Commercial Sale · Hotel/Motel
342 3RD AVENUE N, ST PETERSBURG, FL, 33701
Active151 days on marketListed Mar 10, 2026MLS #TB8485256
About this property
The property at a glance
This property offers a unique investment opportunity in the heart of downtown St. Petersburg, Florida. Situated on 3rd Avenue North, the asset is currently configured as a Hotel/Motel with 21 licensed rental units, 20 guest units, and 1 unit for owner or employee. Total building area of approximately 6,891 square feet. The structure spans two stories and features a flat roof, concrete block and stucco exterior, and drywall interiors. The property sits on a 4,161-square-foot lot with 40 feet of frontage and 100 feet of depth, providing excellent visibility and accessibility. It is located within a vibrant urban core surrounded by retail, dining, and cultural attractions, making it highly desirable for hospitality or redevelopment purposes. With its central location, proximity to major thoroughfares, and strong tourism demand in St. Petersburg, this property presents significant upside potential for investors seeking to reposition or continue operating in the hospitality sector.
6,891
Building sq ft
$697
Price / sq ft
0.09
Lot acres
1937
Year built
1
Building
DC-1
Zoning
Hotel/Motel
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$23,542/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
3,169
Population
$50,655
Median income
60
Median age
1
Avg household
$619,783
Median home value
$1,311/mo
Median rent
55%
Households w/ kids
Consumer profile
From girls night out to a movie night in with their closest gal pals, this population is all about getting the girls together for an evening of fun.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.
Galleries, city murals, and skillful latte art gets this population excited. They're always on the lookout for creative expression.
Recent sales
What actually sold near 342 3RD AVENUE N
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$31,740
290 DR. MARTIN LUTHER KING JR. ST. N.
Sold Dec 1, 2024
$2,325,000
1506 54TH AVENUE N
Sold Jan 16, 2026
$26,400
1423 18TH AVE SOUTH
Sold Oct 14, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 342 3RD AVENUE N — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 342 3RD 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 CEDERMAN PROPERTIES · Eric Cederman. MLS #TB8485256.
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.
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