This exceptional Class A retail property, located at 2817 Central Avenue in St. Petersburg, Florida (zip code 33713), offers 4,558 square feet of space in a prime Grand Central District location. The building, constructed in 1950 and extensively renovated in 2024, features four suites, with 2,000 square feet currently vacant and available for lease. Minimum leasable space is 1,000 square feet, with a maximum contiguous space of 2,000 square feet. The property boasts 135 feet of high-exposure frontage on Central Avenue, providing unparalleled visibility for any business. Its versatile zoning (cct2) allows for a wide range of uses, including restaurants, bars, boutiques, art galleries, fitness studios, or office space. The 0.31-acre lot includes five parking spaces. This single-story building offers a unique opportunity to establish a presence in one of St. Petersburg's most vibrant and sought-after neighborhoods, surrounded by popular dining and nightlife establishments. The property's building floor area ratio (FAR) is 0.34. Don't miss this chance to secure a thriving business location in the heart of the Grand Central District.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,306,202
6.5%
$1,205,725
7%
$1,119,602
Comparable approach
Method
Valuation
Relative Method
$1,266,694
Geo Method
$1,266,694
Alternative Use
Use
Valuation
Residential
$1,017,074
Hospitality
$931,634
Educational
$775,109
Medical
$801,766
Retail
$1,205,725
Location Insight
City
Saint Petersburg
County
Pinellas
State
Florida
Latitude
27.7713
Longitude
-82.6719
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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