Build out the top floor of this 1922 historic waterfront hotel into a penthouse with a 360 degree view. This sale is for the entire top floor, over 6,000 square feet. There is also an option, for an additional $500,000 to add another 2,000 square foot observatory on the roof top, for a total of 8,000 square feet. This residence already has two working lounges, second floor hotel, and a pizza parlor on the lower level, with plans for a full service upscale restaurant. Visit our website www.graylshotel.com and take a virtual tour. Please call if you have any questions or concerns. Grayl's Hotel is ideally situated in downtown St. Petersburg within a 15 minute walk of over 60 restaurants, bars and cafés. Shopping is readily available in the form of boutique shops, galleries and Baywalk. Baywalk also contains a 20 screen movie theatre. Other shops are easily reached by a short drive. Downtown St. Petersburg is rich with museums and galleries, such as Florida Craftsman Gallery, Museum of History, Florida International Museum, Holocaust Museum, Museum of Fine Arts, and the world famous Salvador Dalí Museum, the only 3 star museum in the South. Other points of interest in the area are The Pier, The Aquarium, Sunken Gardens, Mahaffey Theatre and the Times Bayfront Arena, USF St. Petersburg Campus, Tropicana Field home of the Tampa Bay Rays, Dolphin Sight-seeing tours, Looper Trolley, Duck Tours of Tampa Bay. Within a short drive over the bay are The Florida Aquarium, Channelside Mall and IMAX theatres, International Mall, Tampa Bay Performing Arts Center, St. Pete Times Forum- home of the Tampa Bay Lightning and Raymond James Stadium home of the Tampa Bay Buccaneers.