Premier Investment Opportunity: Rococo Steakhouse – Iconic St Pete Destination

Located on the NEC of 2nd Ave South and 7th Street.Premier Investment Opportunity: Rococo Steakhouse – Iconic Downtown St. Petersburg Destination 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 third of four 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.12,575 SF of restaurant space located on the NEC of 2nd Ave South and 7th Street. Beautifully restored hundred year old, Greek revival building, converted into class A, full service restaurant with additional second floor event space. No cost spared in reno.