The corner lot of 22nd Street S. and Central Avenue is currently used as a parking lot for Euphoria Salon and Day Spa Business, but soon a new retail strip will rise on the crushed shell lot. 2160 Central Ave will be the location of the new retail strip, which is dubbed “The Shoppes on Central”.
Nick Molina of Endangered Investments (Miami-based) purchased the lot last year under the LLC “The Shoppes on Central”. Molina purchased the property for $2,175,000. The lot is a total of 11,945 SF, at a purchase price of $182 per SF or 7,931,603 per acre. The plan is for an 8,756 SF retail strip that will house 6 different store fronts, with several having the ability to be combined to create more space for certain tenants. At the current planned building space there is a price of $248 per SF. Molina says a restaurant user would take the corner space, and an employee and retail customer parking lot will be available on the south side of the building. Tenants will be able to create their exterior design depending on the use of the space. Construction is expected to start in January and be completed by fall of 2023.
Source: The St. Pete Catalyst
Thank you for your interest. For more information on the St. Petersburg market contact:
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