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1113 Central AveSt. Petersburg, FL 33705

St. Petersburg Mixed-Use, Vacant, Shovel-Ready

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 17,879 sq ft mixed-use redevelopment opportunity in the heart of St. Petersburg, Florida, presents a unique investment prospect. Located at 1113 Central Ave, this property encompasses three vacant buildings totaling 6,888 square feet, built in 1940 and renovated in 2018. The property sits on a single, contiguous lot, zoned DC-1, and is fully entitled for a 114-key hotel development. The existing structures are in good condition and could be immediately leased for retail use, with market rents currently ranging from $45-$50/NNN. Significant upside potential exists through further development. The current zoning allows for substantial as-of-right development, with the potential for Floor Area Ratio (FAR) increases up to 5.0 via streamlined processes, or up to 7.0 through public hearings. This prime location offers developers the flexibility to pursue various projects, including hotels, condominiums, or apartments, making it an ideal investment for those seeking a high-return opportunity in a thriving St. Petersburg neighborhood. The property's vacant status ensures immediate commencement of redevelopment or leasing activities. This is a truly exceptional opportunity to capitalize on the vibrant St. Petersburg market. The property is located in Pinellas County, Florida, zip code 33705.

Highlights

  • 17,879 SF mixed-use redevelopment opportunity in St. Petersburg, FL.
  • Three vacant, 6,888 SF buildings on a single lot, built in 1940, renovated in 2018.
  • Fully entitled for a 114-key hotel; currently zoned DC-1.
  • Existing buildings leasable for retail at $45-$50/SF/NNN.
  • Significant development potential; FAR up to 5.0 as-of-right, or up to 7.0 with public hearing.
  • Located at 1113 Central Ave, St. Petersburg, FL 33705 (Pinellas County).

Property Details for 1113 Central Ave

Property type
Retail properties, Mixed-use properties
Square Feet
6,888 SF
Year Built/Renovated
1940/2018
Buildings
3
Stories
1

Location Insight

City
St. Petersburg
County
Pinellas
State
Florida
Latitude
27.771139055342
Longitude
-82.650265204289
1113 Central Ave, St. Petersburg, Florida

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1113 Central Ave
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