Playhouse Portfolio - An Entire City Block!

Retail-Commercial for Sale
Catylist Listing ID: 30613556
Property Subtypes: Free-Standing Building, Mixed Use, Movie Theatre, Tavern/Bar/Nightclub, Other
Building Size (RSF): 19,436 SF
Gross Building Area: See Agent
Gross Land Area: 24,000 SF
Sale Price: $2,750,000
Unit Price: $141.49 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Playhouse Portfolio
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2020

Overview / Comments

Own a prime piece of St. Petersburg real estate and history! The Playhouse Portfolio consists of 2 buildings on 4 parcels located at the center of two thriving St. Pete communities – the Grand Central District and the Warehouse Arts District.

Previously listed at $4M, now is the time to take advantage of this remarkable
opportunity!

PORTFOLIO INCLUDES:

1850 Central Avenue
>Former Playhouse Theatre; Currently vacant with infinite potential for future use
>12,560 heated SF
>New roof and abatement

1833 1st Avenue South
>Renovated two-story former night club venue
>6,636 SF
>Income-producing potential

Billboards
>High visibility from I-275 in both directions
>121,500 cars daily
>Income-producing lease in place

Two Vacant Commercial Lots (adjacent parcels west of buildings)
>Currently used for parking

Special event parking permit for Tropicana Field

Use the CA link to complete the Confidentiality Agreement and receive additional information.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Zoning: CCT-2, CORRIDOR COMMERCIAL TRADITIONAL; CITY OF ST. PETERSBURG
Property Located Between: Central Ave & 1st Ave S
Property Visibility: Excellent
Traffic/Vehicle Count: 121,500
Highway Access: Excellent
Total Number of Buildings: 2
Number of Stories: 2
Zoning Description: CCT-2, Corridor Commercial Traditional City of St. Petersburg
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,296 132,173 275,124
Median Age: 38.07 40.61 42.97
Households: 6,891 57,689 121,015

Contact

Photograph of Listing Agent

Paula Clair Smith, CCIM

Colliers International CE-FL Member
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