Commercial Properties - Leased

Mixed-Use Commercial | Office + 3-Bedroom Apartment + Two-Car Garage

Property Details

Address: 1200 40th St. S., St. Petersburg, FL
Asking Price: $439,999 - Owner Financial Available with 200K down, or

Rent the Entire Building for $4,000 a month.

Size: 2,160 SF total building area
Commercial Space: 1,080 SF ground-floor office/commercial
Residential Space: 1,080 SF second-floor apartment
Residential Layout: 3 Bedrooms / 1 Bathroom
Additional Building: Detached 2-car garage/storage building
Roof: Replaced 2020
Garage: Built 2013
Utilities: Separate electric meters for residential and commercial areas

Fully renovated mixed-use property in South St. Petersburg offering exceptional flexibility for an investor, owner-user, or live/work buyer.

The property features 2,160 SF of combined residential and commercial space, including 1,080 SF of ground-floor office/commercial space and a 1,080 SF second-floor 3-bedroom, 1-bath apartment. A detached two-car garage/storage building provides additional storage, workspace, or operational flexibility.

The property has undergone extensive improvements and is positioned as a move-in-ready mixed-use asset. Recent upgrades include HVAC systems, hot water heaters, electrical improvements, flooring, cabinets, appliances, and a roof replaced in 2020.

Residential and commercial areas are separately metered for electricity, providing flexibility for an owner-user or multi-tenant investment strategy. The detached garage was constructed in 2013 and adds valuable storage and functional space.

Situated on a corner lot with fenced outdoor space and alley access, the property offers multiple occupancy and income-producing possibilities. Its Opportunity Zone location may provide additional benefits for qualifying investors.

With seller financing available, buyers have an opportunity to acquire a renovated mixed-use property while reducing the amount of traditional bank financing required.

Call Mike Schultz – 727-463-2274 for more information.

Sales Package - LINK to Sales Brochure

Investment Highlights

• Mixed-Use Flexibility: Operate a business downstairs while leasing or occupying the residential unit upstairs.
• Owner-User Opportunity: Ideal for a business owner looking to control their real estate while potentially generating additional residential rental income.
• Investment Potential: Separate residential and commercial components create multiple leasing and income strategies.
• Live/Work Setup: Unique configuration allows an owner to live upstairs while operating a business from the first floor.
• Major Renovations Completed: HVAC, hot water heaters, electrical improvements, flooring, cabinets, appliances, and roof improvements have already been completed.
• Detached Garage/Storage: Additional two-car garage provides storage, workshop, equipment, or operational space.
• Separate Electric Meters: Residential and commercial areas can operate independently.
• Corner Lot: Fenced outdoor area and alley access provide additional functionality.
• Opportunity Zone: Located within an Opportunity Zone, potentially providing tax advantages for qualifying investments.