Grand Central Retail/Office Building

Retail-Commercial for Sale
Catylist Listing ID: 30783827
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 7,000 SF
Gross Building Area: See Agent
Gross Land Area: 13,500 SF
Sale Price: $3,900,000
Unit Price: $557.14 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Usable Size (USF): 7,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2022

Overview / Comments

Kyle Masterson, Agent - 727-823-1230 - kmasterson@vectorrealty.com

Located in the booming Grand Central District of downtown St. Petersburg, this 7,000 SF building sits on 140 feet of Central Avenue frontage. Recently renovated in 2016 with a new facade and all-glass entries and meticulously maintained since, the high ceilings, exposed ductwork and large windows give the interior space a bright and open feel while also making any future buildout simpler. Zoned CCT2, this property permits a wide range of uses, including, retail, restaurant, cafe, office, etc. Currently, this multi-tenant property is divided into three separate spaces and has the updside of renewing at market rents producing over $200,000 in NNN income per year.

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Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 16 31 24 44190 004 0040
Zoning: CCT-2
Property Located Between: 22nd and 21st Streets
Property Visibility: Excellent
Largest Nearby Street: Central Avenue
Feet of Frontage: 140
Highway Access: I-275
Airports: TIA, PIE
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1984
Year Renovated: 2016
Construction/Siding: Block
Total Parking Spaces: 8
Parking Type: Surface
Zoning Description: CCT-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,265 136,680 281,241
Median Age: 37 40.52 43.04
Households: 5,878 59,765 123,734

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