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Lasbury Tracy Realty Inc
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$439,999

Active Under Contract

1200 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

  1. Listed for $649,999
  2. Price reduced to $439,999from $450,000

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Take a tour

Pick a day that suits you — a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

1200 40th St S, St Petersburg, FL 33711

Listing courtesy of INSTA REAL ESTATE SOLUTIONS · MLS# TB8494789 · Active Under Contract

How would you like to see it?
Which day?
What time of day?

In person · Thu, Oct 29 · Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

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.

Similar properties

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 10:56 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. · [email protected]