Downtown St. Petersburg Retail Strip goes on the market
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
Resource Information:
Franklin Street Listing (property information and photographs)
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