6501 CENTRAL AVE St. Petersburg FL 33710

Marcus & Millichap is pleased to present for sale the Central Plaza.

LOCATION:

• Positioned on Central Avenue, one of St. Petersburg’s primary east–west commercial

corridors, supporting strong visibility, daily traffic counts, and long-term tenant demand.

• Direct Access to Downtown St. Petersburg, approximately minutes away, offering

connectivity to major employers, waterfront attractions, museums, and nightlife.

• Established Retail Corridor featuring a mix of local restaurants, service-oriented

tenants, and boutique users—supporting flexible leasing and adaptive reuse strategies.

• Proven Investor Demand along Central Avenue driven by consistent absorption,

improving tenant profiles, and strong local market fundamentals.

Value Add Property:

• The current average rent per square foot for Central Plaza is $19.50/SF, giving an

investor incredible opportunity to add value through raising rents to market rate.

• Average rent per square foot for retail tenants on this part of Central Ave is between

$30/SF - $40/SF.

Capital Improvements:

• 6527 Central Ave (Building One) has a new roof

(2022) roof with a transferable warranty.

• 6501 Central Ave (Building Two) has a new roof

that comes with no warranty.