Commercial Sale · Mixed Use
1200 40TH STREET S, ST PETERSBURG, FL, 33711
Active127 days on marketListed Apr 7, 2026MLS #TB8494789
About this property
The property at a glance
OWNER FINANCING AVAILABLE Purchase Price: $450,000 Terms: • $200,000 Down Payment • Seller Financing of $250,000 • 7.0% Interest Rate • Principal & Interest Payments • 30-Year Amortization • 3-Year Balloon Note Monthly Payment: $1,663.26 (Principal & Interest) Remaining balance due at the end of 36 months. Subject to buyer qualification and final loan documents. Fully renovated mixed-use opportunity in South St. Petersburg featuring a 3-bedroom, 1-bath apartment upstairs, 1,080 SF office/commercial space downstairs, and a detached 2-car garage/storage building. Ideal for an owner-user, investor, or live/work setup with flexible occupancy options and strong income potential. Recent improvements include new HVAC, new hot water heaters, updated electrical, new flooring, new cabinets, new appliances, and a new roof in 2020. The property also offers separate electric meters for each unit and a detached garage built in 2013 to newer code standards. Move-in ready and positioned for a variety of residential/commercial use scenarios.
2,160
Building sq ft
$204
Price / sq ft
0.09
Lot acres
1949
Year built
2
Buildings
Mixed Use
Property type
The numbers
Investment snapshot
$63,600
Gross income (yr)
Estimated payment (illustrative)
Estimated payment
$2,429/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
18,347
Population
$68,295
Median income
38.5
Median age
2.35
Avg household
$253,100
Median home value
$1,819/mo
Median rent
1,371
Households w/ kids
Recent sales
What actually sold near 1200 40TH STREET S
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$750,000
4100 CENTRAL AVENUE
2,164 sqft · $347/sqft · Sold May 6, 2026
$500,000
1707 18TH AVENUE S
2,084 sqft · $240/sqft · Sold Sep 5, 2025
$7,200
1709 18TH AVENUE S UNIT 1
2,084 sqft · $3/sqft · Sold Feb 12, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 1200 40TH STREET S — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1200 40TH STREET S.
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 #TB8494789.
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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