655 2nd Ave S

Iconic Downtown St. Petersburg Destination Steakhouse!
Seize the opportunity to own a premier commercial property in the heart of downtown St. Petersburg, fully leased to Rococo Steakhouse, a top-rated, full-service 4 plus star destination restaurant renowned for its exceptional dining experience.
Situated on a 34,000 SF site, this 15,751 SF, two-story (plus attic) masterpiece has been tastefully restored and meticulously maintained, offering investors a turnkey
income-generating asset with significant future upside.
Lease & Investment Potential:
Stable Long-Term Tenant – Tenant has exercised its secong of three 5-year options, ensuring ongoing stability.
Upcoming Michelin Guide Recognition (2025) – St. Pete will be included in the Michelin Guide for the first time, increasing the potential value of the restaurant.
Future Value & Redevelopment Potential – Zoned DC-1, the site allows for an FAR greater than 7.0 and a max height of 375 feet through streamlined zoning process,
offering high-density redevelopment possibilities in one of Florida’s most dynamic urban centers.
Rent Growth Potential – Opportunity for increased rental income upon lease expiration.
Rare chance to acquire a fully leased, high-profile asset in St. Petersburg’s thriving downtown market, with immediate passive income and substantial future upside.
Perfect for investors seeking stable returns, long-term appreciation, and possible prime redevelopment potential in a rapidly growing metropolitan area.