689 Central AveSt. Petersburg, FL 33701

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 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.

• 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

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