Under contract-accepting backup offers. Rare opportunity to acquire an Industrial Traditional (IT) zoned corner property in the heart of St. Petersburg's thriving Warehouse Arts District. The property is currently improved with an income-producing building occupied by a long-term month-to-month tenant, providing immediate income while preserving flexibility for future owner-users, investors, or redevelopment.Recent guidance from the City of St. Petersburg Planning Department identified several u...Under contract-accepting backup offers. Rare opportunity to acquire an Industrial Traditional (IT) zoned corner property in the heart of St. Petersburg's thriving Warehouse Arts District. The property is currently improved with an income-producing building occupied by a long-term month-to-month tenant, providing immediate income while preserving flexibility for future owner-users, investors, or redevelopment.Recent guidance from the City of St. Petersburg Planning Department identified several uses supported within the IT zoning district, including artist studios or galleries, photography studios, creative workspaces, design studios, maker spaces/workshops, breweries, and general office uses. Retail sales, neighborhood caf?s, and similar commercial uses may also be permitted as accessory uses in accordance with City regulations. Live/work dwellings are not permitted.The site features approximately 100 feet of frontage on 5th Avenue South, 60 feet on 26th Street South, and additional access from a 16-foot public alley, offering excellent visibility and accessibility. Recent improvements include a 2015 roof, 2020 HVAC system, and 2023 electrical panel.Ideally located minutes from Downtown St. Petersburg, the EDGE District, Grand Central District, the Pinellas Trail, and approximately one mile from the Historic Gas Plant redevelopment, this property is well-positioned within one of the city's fastest-growing commercial corridors.