The Paramount, a downtown St. Petersburg office building, comprising two connecting two-story structures, at 721 1st Avenue N., has entered the market with an asking price of $4.5 million.
Situated on a 0.32-acre lot on the corner of 1st Avenue N. and 8th Street N., the two buildings, completed in 1920 and 1938, together provide 13,939 heated square feet. Inside are multiple conference rooms, private offices, a reception area and employee break rooms. Outside are 13 parking spaces and a private courtyard.
The property is available for immediate occupancy. With DC-1 (Downtown Center-1) zoning, potential uses include office, retail, residential, hospitality or redevelopment opportunities…