St. Petersburg Retail - Office

Retail-Commercial for Sale
Catylist Listing ID: 30212118
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 7,658 SF
Gross Building Area: See Agent
Gross Land Area: 0.37 Acres
Sale Price: $995,000
Unit Price: $129.93 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 7,300 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 3/6/2018

Overview / Comments

Storefront Retail and Office 7,658 +/- SF space on the 4600 block of Central Avenue. Nearly 6,250 SF available on the 1st floor with 162 +/- FT of frontage on historic Central Avenue. Just over 1,400 SF available on the 2nd floor, currently a finished apartment unit that can be easily converted for a single office tenant. The lot is high and dry (no flood insurance required) with great pylon signage. The building has fairly new paint and a new roof with a 20 year warranty. Excellent investment or redevelopment opportunity and the owner will consider financing.

Five multi-story luxury apartment projects are nearly complete or planned within a few miles, adding 1,500 residential units to the 1,340 units finished in the last three years. Nearly a half billion dollars worth of construction is underway or expected to start this year in the St. Petersburg CBD; including museums, apartments, condos, a new police station and a dozen other projects contributing to one of the biggest building booms in St. Petersburg’s 130 year history.

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: Pinellas County
Tax ID/APN: 21-31-16-14562-012-0040
Property Visibility: Excellent
Feet of Frontage: 162
Traffic/Vehicle Count: 15,100
Tenancy: Multiple Tenants
Total Parking Spaces: 20
Parking Ratio: 2.6 (per 1000 SF)

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,751 139,056 304,710
Median Age: 37.42 42.61 44.28
Households: 6,724 60,121 136,936
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