Premier Investment Opportunity: Rococo Steakhouse – Iconic St Pete Destination

For Sale

655 2nd Ave S, Saint Petersburg, FL 33701

This Saint Petersburg property for sale is located at 655 2nd Ave S. Contact the listing broker for details on the current sale price for Premier Investment Opportunity: Rococo Steakhouse – Iconic St Pete Destination. Premier Investment Opportunity: Rococo Steakhouse – Iconic St Pete Destination is situated on a lot that is 0.78 acre in size.

Contacts

broker
John Barkett

Barkett Realty

Property Details

  • Property Type Retail - Restaurant
  • Property Size 15,751 SF
  • Lot Size 0.78 Acre
  • Property Tenancy Single Tenant
  • Year Built 1924
  • Year Renovated 2012
  • Date Updated Mar 25, 2025
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.
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Highlights

  • Prime Downtown Location – Strategically positioned in St. Petersburg’s vibrant urban core.
  • Top-Ranked Tenant – Leased to Rococo Steakhouse, the area's #1 rated steakhouse per TripAdvisor & OpenTable.
  • World-Class Event Space – Second-level private event venue, ideal for upscale gatherings.
  • Outstanding Parking – A rarity in downtown St. Petersburg, enhancing customer convenience.
  • Wine Room – A refined addition, enhancing the property’s high-end appeal.
  • Low risk and amazing value add opportunity with new development in all directions.

Getting around

  • 97/100

    Walk Score ®

  • 56/100

    Transit Score ®

  • 96/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Saint Petersburg, FL
  • Neighborhood Downtown St. Petersburg
  • Zip Code 33701
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Nova Charge

    0.28 miles

  • J1772 Charger

    0.64 miles

  • Sunoco

    0.74 miles

  • Tiger Mart

    0.86 miles

  • Sun City Pure

    0.87 miles

  • Citgo

    0.91 miles

  • ChargePoint

    0.94 miles

  • Pure

    0.95 miles

  • Mobil

    1.31 miles

  • Rally

    1.54 miles

  • SP+

    0.20 miles

  • Lot 8

    0.30 miles

  • Municipal Services Center Parking Facility

    0.33 miles

  • Lot 9

    0.40 miles

  • McNulty Parking

    0.40 miles

  • Family/Visitor Parking Garage

    0.46 miles

  • West Parking Garage

    0.48 miles

  • Lot 7

    0.48 miles

  • 5th Ave Parking Garage Facility (FPF)

    0.50 miles

  • East Parking Garage

    0.51 miles

  • Rococo Steak

    0.00 miles

  • Fabrica Pizza

    0.06 miles

  • Pacific Counter

    0.09 miles

  • Maple Street Biscuit Company

    0.09 miles

  • Doormet

    0.11 miles

  • The Lure Ono

    0.12 miles

  • Cider Press Cafe

    0.12 miles

  • City's Bistro

    0.13 miles

  • 9 Bangkok Thai Restaurant

    0.13 miles

  • Brick & Mortar

    0.15 miles

  • Publix

    0.11 miles

  • Grocery Outlet

    0.39 miles

  • Bodhi Basics

    0.40 miles

  • Global Marine

    0.58 miles

  • Dollar Store

    0.62 miles

  • Save-A-Lot

    0.73 miles

  • Coast Guard Exchange

    1.09 miles

  • Water Sisters

    1.31 miles

  • Trader Joe's

    1.93 miles

  • Rollin Oats Market

    2.00 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
John Barkett

Barkett Realty

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