1201 Central AveSt. Petersburg, FL 33705

Property Details for 1201 Central Ave

Year built

1940

Construction

CONCRETE BLOCKS

Lot size

0.06 AC

Property size (Sq ft)

720 SF

Property type

Retail space

APN

24-31-16-14544-000-1080

APU

243116145440001080

Description

This exceptional 750-square-foot retail space, located at 1201 Central Avenue in St. Petersburg, Florida's vibrant EDGE District, presents a unique opportunity for a food and beverage establishment. Built in 1940 and completely renovated in 2023, this Class A property boasts a single-story building on a 2,800-square-foot lot. The property is zoned DC-1 and benefits from high foot traffic due to its proximity to popular restaurants and entertainment venues such as Intermezzo, Hawkers, Sourdough Co., Bodega, Green Bench Brewery, and a candle-making experience. The single-tenancy building offers ample space for a restaurant concept seeking to capitalize on the area's bustling culinary and entertainment scene. The property features no elevators. This is an ideal location for a business looking to establish itself in one of St. Petersburg's most desirable and sought-after districts. The entire 750 square feet is currently vacant and ready for immediate occupancy. This prime retail space offers a chance to become part of St. Petersburg's thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $325,887

  6.5%

  $300,819

  7%

  $279,332

• Comparable approach

  Method

  Valuation

  Relative Method

  $277,487

  Geo Method

  $277,487

• Alternative Use

  Use

  Valuation

  Residential

  $253,752

  Hospitality

  $232,436

  Educational

  $193,384

  Medical

  $200,034

  Retail

  $300,819

Location Insight

City

Saint Petersburg

County

Pinellas

State

Florida

Latitude

27.7713

Longitude

-82.6508

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].