Vector Commercial Real Estate Services Featured in St. Pete Rising for Downtown Redevelopment Opportunity
St. Petersburg, FL – Vector Commercial Real Estate Services is proud to announce its recent mention in a noteworthy St. Pete Rising article, highlighting a prime redevelopment opportunity located at 125 5th Street South, in the heart of downtown St. Petersburg.
The 0.71-acre site, zoned Downtown Center-1 (DC-1), offers unparalleled potential for high-density, mixed-use development. Currently housing an 11,357-square-foot office building, anchored by Wells Fargo Bank, the property stands out as a standout opportunity for visionary developers seeking to contribute to St. Pete’s evolving cityscape. The current lease with Wells Fargo Bank is set to expire in June 2025, clearing the way for prospective development.
Situated just one block from Central Avenue, the property benefits from its location near cultural, retail, and dining landmarks, including proximity to the towering 46-story Residences at 400 Central, set to open later this year.
Insight from Vector Commercial Real Estate Services
The article features commentary from Blakemore Kearney, Vector’s experienced broker, who provides insight into the scarcity of land available for high-density projects downtown.
“Land is scarce for high-density development,” noted Kearney in the piece. “With every new tower that is built downtown, there is one less developable lot available.”
This sentiment underscores the significance of 125 5th Street South as a unique opportunity amid downtown St. Pete’s increasingly competitive development landscape.
About the Opportunity
- Location: 125 5th Street South, St. Petersburg, FL 33701
- Site Size: 0.71 acres
- Current Structure: 11,357-square-foot office building with Wells Fargo as anchor tenant
- Zoning: DC-1, enabling high-density mixed-use development opportunities
- Key Details: Positioned one block from Central Avenue and near 400 Central, Downtown St. Pete’s tallest tower
About Vector Commercial Real Estate Services
With over 35 years of expertise, Vector Commercial Real Estate Services has cultivated a reputation as a trusted leader in the Tampa Bay commercial real estate market. Ranked among the top 25 real estate companies in the area, Vector specializes in strategic leasing, sales, tenant representation, and property management for a variety of property types, including office, retail, industrial, and specialty spaces.
Vector’s inclusion in the St. Pete Rising article reflects its commitment to transparency and its role in supporting forward-thinking development projects that shape the future of St. Petersburg.
Learn More
For additional details on this redevelopment opportunity, read the full St. Pete Rising article here.
Contact
For more information on Vector’s commercial real estate services or ongoing property opportunities, please contact Vector Commercial Real Estate Services.
