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Prime Central Ave - St Pete

Mixed Use | 5,922 SF

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Asking Price: $2,300,000

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Address 

4701 Central Ave, St. Petersburg, FL 33713

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Date Added
Nov 20, 2024
Days on Market
151 days
Time Since Last Update
95 days

Details

Property TypeMixed Use, Office, Retail, Special Purpose
SubtypeBank, Creative Office, Medical Office
Investment TypeOwner/User
ClassC
Square Footage5,922
Net Rentable (sq ft)5,168
Year Built1973
Year Renovated1990
Buildings1
Stories2
ZoningCRT-1
Lot Size (acres)0.34
Parking (spaces)24
Broker Co-OpYes
APN21-31-16-14562-008-0140

Marketing Description

Unlock the future of your business or investment portfolio with this 5,168 sq.​ ft.​, two-story block-constructed building located at 4701 Central Avenue, St.​ Petersburg, FL 33713.​ Sitting on 0.34 acres, this property offers a unique blend of immediate functionality and long-term growth potential in one of the most dynamic and rapidly evolving areas of St.​ Petersburg.​With 24 parking spots, an elevator, multiple offices, conference rooms, and storage spaces, this property is primed for a variety of uses, from medical practices to professional offices or even creative mixed-use developments.​ The building's high-and-dry location means no flood insurance is required, and it has weathered past storms without damage—offering peace of mind for any future owner.​

Investment Highlights

  • Strategic Location: Positioned on Central Avenue, a major artery connecting Downtown St. Petersburg with the Gulf Beaches, this property benefits from high visibility and easy access to major highways and local amenities.

  • Growth-Oriented Neighborhood: Situated near the burgeoning Warehouse Arts District and Historic Kenwood, this area is experiencing rapid appreciation and development, making it a prime spot for businesses looking to capitalize on St. Pete’s cultural and economic boom

  • Immediate Income Potential: The property currently has one tenant occupying part of the building with a separate entrance, providing immediate rental income while leaving ample space for new development or owner-occupancy.

  • Expansion Opportunities: The 0.34-acre lot offers room for future expansion or redevelopment—whether it's adding more office space, creating a mixed-use development with retail on the ground floor and residential units above, or building out additional parking or amenities to support growing businesses.

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