Commercial Lease Property - Retail in St Petersburg
Listing Price: $172,000
Description of Property
PRIME Grand Central District location ready for your concept to Lease now - where all of the HOTTEST businesses are in St. Pete! Now offering 'small shops' space on Central Ave - three street level Retail spaces available. Come see this rare standalone building with a whopping 50' of frontage on Central Avenue - a stellar location for any St. Pete business! This high visibility property is on a "hard corner" (Central Ave & 19th Street) just four blocks to the $6.5B redevelopment of Tropicana Field -AND- over 1,500 high end Residential units (hundreds more under construction now). Restaurant operators can potentially qualify for a 4COP SFS liquor License from the State (saving food & beverage Tenants over $625K up front). Retail, Restaurant, Cannabis Dispensary, Craft Brewery, Distillery, Fitness Concepts, Salon Services, Creative Venue Space, Medical Uses and more are possible at this location with CCT-2 Zoning. Solid, block building with over 12' ceiling height downstairs (15' slab to slab), roll doors in the back (with alley access) providing unlimited potential for your concept. Expansive, wide open spaces provides a blank canvas for your concept. Lease downstairs only (all 4,000sf) or secure Small Shops space, with units from 950sf to 1,136sf with "common core" restrooms saving Tenants on even more build out expense! The right Tenant can also lease both floors (9' ceilings upstairs, with super cool rusted out metal beams). An existing freight elevator which can potentially provide ADA compliant access to both levels. Landlord will invest over $400K in major property improvements - including an all NEW Storefront, windows, doors, HVAC unit(s) and a new ROOF! Long-term Lease possible (10-Year Initial Term + renewal options) with a great, Local landlord. Rent abatement available to Tenant as well, after Landlord has completed his work (to commence upon signed Lease). Tenant can have input on the look of the new Storefront in collaboration with Landlord (also a very rare opportunity!!). $43/SF + NNN for the 1st floor Retail; $30/SF + NNN for the upper level (blended lease rate of $36.50/sf if leasing both floors). NNN approximately $6.50/sf. City of St. Petersburg Zoning matrix details here - see CCT-2 zoning: https://library.municode.com/fl/st._petersburg/codes/code_of_ordinances?nodeId=PTIISTPECO_CH16LADERE_S16.20.080COCOTRDICC
Property Details At A Glance
Property Type: Commercial Lease
Property Use or Sub Type: Retail
City: St Petersburg
County: Pinellas
Subdivision: Johns Pass Realty Cos Sub
Sq. Ft. Gross: 8,000
Sq. Ft. Living Area: 8,000
Cost per (heated) sqare foot: $22
Year built: 1984
Annual Tax: $8,747
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances:
Accessibility Features: Accessible Elevator Installed
Window Features:
Additional Rooms:
Ceiling Type:
Ceiling Height: 10 to 15 Feet
Flooring: Concrete
Waterfront Info
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Block
Foundation: Block
Roof:
Exterior Features:
Parking Features: 1 to 5 Spaces
Floors Total: 2
Floors in Unit: Two
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer:
Water Source:
Community Features: Sidewalks
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.13
Lot Size (sq. ft.): 5,545 square feet
Lot Dimensions: 55 x 100
Road Frontage: Alley, Business District, Main Thoroughfare
Front Exposure: North
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Parcel Number: 243116441900060010
Tax Legal Desc.: JOHNS PASS REALTY CO'S SUB BLK 6, LOT 1 & E 5FT OF LOT 2
Listing courtesy of DALTON WADE INC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.