689 Central AveSt. Petersburg, FL 33701
- Office properties
- 7,296 SF
Property Details for 689 Central Ave
- Year built
- 1924
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.10 AC
- Property size (Sq ft)
- 7,296 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 19-31-17-34218-000-0010
- APU
- 193117342180000010
Description
Station House Arcade, located at 689 Central Ave in St. Petersburg, Florida (zip code 33701), offers a unique opportunity to lease office space in a historic building. This two-story, 7,518 square foot building, constructed in 1924, boasts a blend of traditional and modern appeal. The property features a mix of office space configurations suitable for various needs, including traditional, executive, medical, and creative office uses. Multiple suites are available, with a minimum divisible space of 273 square feet and a maximum contiguous space of 3,152 square feet. A total of 13 suites are available within the building. The building does not have elevators. Its prime downtown location provides exceptional walkability to a wide array of amenities, including restaurants, cafes, shops, banks, gyms, and entertainment venues, as well as the newly constructed St. Pete Pier. The building's character is enhanced by exposed brick, reflecting its rich history. This property is ideal for businesses seeking a blend of historical charm and modern convenience in a vibrant urban setting within Pinellas County. The property is classified as both retail and office space.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,544,428
- 6.5%
- $2,348,703
- 7%
- $2,180,938
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,225,037
- Geo Method
- $1,225,037
-
Alternative Use
- Use
- Valuation
- Residential
- $2,912,392
- Hospitality
- $2,667,735
- Educational
- $2,219,524
- Medical
- $2,295,857
- Retail
- $3,452,594
Location Insight
- City
- Saint Petersburg
- County
- Pinellas
- State
- Florida
- Latitude
- 27.7715
- Longitude
- -82.6435
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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