Downtown St. Petersburg Retail Strip goes on the market

cliggittvaluation • Nov 02, 2022

A prominent retail strip on Central Avenue has hit the market. Franklin Street listed the property which spans from 654 to 670 Central Ave. for $12,250,000 in early September. The property is 15,848 SF and is currently fully occupied. Current tenants include Maple Street Biscuit Co., Mangosteen, Pacific Counter, and Colony Grill.

Central Avenue is well known part of downtown St. Petersburg and rents, and property values are only expected to climb. The property has undergone an extensive number of renovations including new roofing, updated electrical systems, and new HVAC systems. The retail strip is less than a mile from waterfront in downtown and is close to many office and multifamily properties.

The image above is an aerial provided by Pinellas County Property Appraiser. The parcel is identified as 24-31-16-94842-000-1230 which can be traced back to 670 Central Ave - which Colony Grill currently occupies. The entirety of the strip is outlined in red.

For more information or to get help in determining the value of your property, please call or email Mike Cliggitt, MAI, MRICS, CCIM!


Thanks for your interest.


Mike Cliggitt, MAI, MRICS, CCIM
813-405-1705 Direct Line

findvalue@cliggitt.com

St. Petersburg Commercial/Retail Real Estate Analyst

Resource Information:

Franklin Street Listing (property information and photographs)

Tampa Bay Business Journal

SHARE CONTENT

Three new projects announced at Tampa's Water Street

By cliggittvaluation • 29 Apr, 2024
Source : WTSP

St. Pete Beach TradeWinds’ resort expansion vote postponed

By cliggittvaluation • 16 Apr, 2024
Tradewinds St. Pete Beach Expansion Vote Delayed - Tampa Bay Business Journals

Darryl Shaw’s Ybor Harbor gets first approval from City Council

By cliggittvaluation • 12 Apr, 2024
Ybor Harbor, Darryl Shaw's waterfront vision, gets preliminary nod from Tampa City Council - Tampa Bay Business Journal Darryl Shaw's vision for downtown Tampa's waterfront, known as "Ybor Harbor," received initial approval from the Tampa City Council. The approved plan includes a comprehensive amendment and rezoning to develop approximately 33 acres along the Ybor Channel. The centerpiece will be a public waterfront area featuring 100,000 square feet of open space with amenities like a boardwalk, restaurants, retailers, and green areas. Additionally, the project will incorporate 500,000 square feet of office space, 800 hotel rooms, 150,000 square feet of retail space, and 4,750 residential units, with 10% designated for affordable housing. More information can be found with the Tampa Bay Business Journals at the link above.
More Posts
Share by: