Commercial Lease · Mixed Use
1200 40TH STREET S, ST PETERSBURG, FL, 33711
Active2 days on marketListed Aug 13, 2026MLS #TB8537460
About this property
The property at a glance
FOR SALE OR LEASE – Fully Renovated Mixed-Use Live/Work Property in South St. Petersburg. 1200 40th St S offers approximately 2,160 SF plus a detached 2-car garage/storage building. The property includes 1,080 SF of ground-floor office/commercial space and a 1,080 SF 3-bedroom/1-bath apartment upstairs, creating an excellent opportunity for an owner-user, small business, investor, or live/work occupant. Recent renovations include two HVAC systems, hot water heaters, updated electrical, flooring, cabinets, appliances, and a roof installed in 2020. Residential and commercial spaces have separate electric meters. The detached garage was constructed in 2013 and provides additional storage, workspace, or business utility. Corner lot with fenced outdoor area, alley access and 6+ parking spaces. Convenient access to Downtown St. Petersburg, Gulfport, I-275, beaches, Stetson University and major employment centers. Sale Price: $439,999. Owner financing available. Lease: $4,000/month Modified Gross for the entire property. Landlord pays taxes and insurance; tenant pays utilities and maintenance. 1–3 year lease terms and option-to-buy opportunity available.
2,160
Building sq ft
$22
Price / sq ft
0.09
Lot acres
1949
Year built
2
Buildings
Mixed Use
Property type
The numbers
Investment snapshot
Modified Gross
Lease structure
12 Months
Lease term
Estimated payment (illustrative)
Estimated payment
$666/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 Kat 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
Kat Bonelli
REALTOR® · 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 Kat's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of INSTA REAL ESTATE SOLUTIONS · Michael Schultz. MLS #TB8537460.
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.