$439,999
Active Under Contract1200 40th St S, St Petersburg, FL 33711
2,160 sq ft
Listing courtesy of INSTA REAL ESTATE SOLUTIONS · MLS# TB8494789
162 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this property
Under contract-accepting backup offers. OWNER FINANCING AVAILABLE Terms: • $200,000 Down Payment • Seller Financing the Remaining • 7.0% Interest Rate • Principal & Interest Payments • 30-Year Amortization • 3-Year Balloon Note 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.
Facts
- Property type
- Mixed Use
- Year built
- 1949
- Exposure
- West
- Flood zone
- X
- Annual taxes
- $3,486/yr
- Listed
- Apr 6, 2026
- MLS #
- TB8494789
Commercial details
Building & site
- Building size
- 2,160 SF
- Lot size
- 0.09 acres (4,347 SF)
- Road frontage
- City Street
- Buildings
- 2
Investor metrics
- Price per SF (MLS)
- $203.70/SF
- Gross income
- $63,600/yr
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.
Price & status history
- Listed for $649,999
- Price reduced to $439,999from $450,000
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1200 40th St S, St Petersburg, FL 33711
Listing courtesy of INSTA REAL ESTATE SOLUTIONS · MLS# TB8494789 · Active Under Contract
Where this property is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.



