10625 1ST STREET E
Treasure Island, FL 33706
$1,990,000
Short Sale. RARE TREASURE ISLAND COMMERCIAL INVESTMENT OPPORTUNITY! Over 10,000 square feet of commercial space offering established rental income, flexible C-2 zoning, and tremendous value-add potential! This versatile two-story property is ideal for investors, business owners, or those looking to expand their commercial portfolio. The second floor features 8 fully leased professional office suites generating approximately $6,159 per month ($73,908 annually) in existing rental income. The approximately 5,000-square-foot ground floor offers significant opportunity for additional revenue, including 900 square feet of finished, currently vacant space ready for a new tenant. The remaining approximately 4,100 square feet features existing metal stud framing and can be customized for a variety of potential uses, including medical, dental, veterinary, professional offices, or other commercial operations. C-2 zoning provides flexibility for office, retail, restaurant, and other commercial uses, subject to applicable approvals. MAJOR RECENT IMPROVEMENTS include a NEW ROOF installed January 2025 with transferable warranty, NEW hurricane-resistant windows and doors, NEW water and sewer lines replacing previous cast-iron piping, electrical upgrades, and durable DensGlass exterior sheathing. Additional highlights include 29 parking spaces, convenient front and rear alley access, and an approximately 99’ x 134’ lot. Whether you’re looking to maintain the existing rental income, increase cash flow by leasing additional space, establish your own business while collecting rent, or explore future redevelopment possibilities, this property offers multiple investment strategies in desirable Treasure Island! Seller will also consider leasing the unfinished ground-floor space with negotiable terms. ...
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Listing Courtesy of: CENTURY 21 JIM WHITE & ASSOC
727-367-3795
| Listing Id: | TB8567209 |
|---|---|
| List Price: | $1,990,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Mixed Use |
| Status: | Active |
| Living Area: | 9,603 |
| Tax Annual Amount: | $19,670 |
| Lot Size Square Feet: | 13,329 |
| Lot Size Acres: | 0.31 |
| Waterfront?: | No |
| City: | Treasure Island |
| County Or Parish: | Pinellas |
| Subdivision Name: | Treasure Island City Of |
| Postal Code: | 33706 |
| Year Built: | 1959 |
| Number Of Units Total: | 10 |
| Additional Parcels?: | No |
| Building Area Source: | Public Records |
| Building Area Total: | 10494 |
| Building Area Units: | Square Feet |
| Electric: | Service - 110 Volts |
| Direction Faces: | West |
| Foundation Details: | Slab |
| Construction Materials: | Block, Concrete |
| Cooling: | Central Air, Wall/Window Unit(s) |
| Directions: | Cross the Treasure Island Causeway onto the island. Turn right onto 104th Ave. Turn right onto 1st St E; your destination will be on the right |
| Flooring: | Carpet, Terrazzo |
| Heating: | Central, Ductless |
| Levels: | Two |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | Central Business District, Corner Lot, Flood Insurance Required, FloodZone, City Limits, Infrastructure In, Street Lights, Paved |
| Lot Size Acres: | 0.31 |
| Lot Size Dimensions: | 99x134 |
| Postal Code Plus4: | 4803 |
| MLS Area Major: | 33706 - Pass A Grille Bch/St Pete Bch/Treasure Isl |
| MLS Area Major: | 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl |
| Original List Price: | $1,990,000 |
| Parcel Number: | 23-31-15-91818-011-0010 |
| Stories Total: | 2 |
| Township: | 31 |
| Road Frontage Type: | Alley, City Street |
| Road Surface Type: | Asphalt |
| Roof: | Shingle |
| Listing Terms: | Cash |
| Tax Year: | 2024 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | Short Sale |
| State Or Province: | FL |
| Utilities: | Electricity Available, Public |
| Number Of Lots: | 1 |
| Property Condition: | Under Renovation |
| Public Survey Range: | 15 |
| Public Survey Section: | 23 |
| Zoning: | COMM |
| Possession: | Close Of Escrow |
| Window Features: | Insulated Windows |
| Building Features: | Bathrooms |
| Adjoining Property: | Commercial |
| Auction Prop Access Yn: | No |
| Building Area Total Srch Sq M: | 974.92 |
| Calculated List Price By Calcula: | 189.63 |
| Ceiling Type: | Drywall |
| Easements: | East Side |
| Flood Zone Code: | AE |
| Flood Zone Date: | 2021-08-24 |
| Flood Zone Panel: | 12103C0194H |
| Front Footage: | 99 |
| Green Verification Count: | 0 |
| Living Area Meters: | 892.15 |
| Lot Size Square Meters: | 1238 |
| Realtor Info: | Survey Available |
| Road Frontage Ft: | 99 |
| Sale Includes: | Building(s) and Land |
| Sdeo yn: | No |
| Total Acreage: | 1/4 to less than 1/2 |
| Total Num Buildings: | 1 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Signage: | On Building |
| Road Responsibility: | Public Maintained Road |
| Attribution Contact: | 727-367-3795 |
| Originating System Name : | Stellar MLS |
| Dock Yn: | No |
| Financial Package Yn: | No |
| Green Energy Generation Yn: | No |
| Number Of Separate Water Meters: | 1 |
| Listing Contract Date: | 2026-11-13 |
| Total Parking Spaces: | 29 |
| New Construction?: | No |
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Property Last Updated: November 14, 2026 12:53 AM - ET
