FOR SALE: $3,200,000
Central Avenue
Office/Retail/Redevelopment Investment Property
with Corner Parking Lot or Development Site
2200, 2210, 2220 Central Avenue
St. Petersburg, FL 33712
LOT SIZE: 14,800 Total Square Feet
148’ on Central Avenue x 100’ Deep
BUILDINGS: 11,920 Square Feet
Sarah J. Parker Office: 727 502-0255
Cell: 727 458-6146
Fax: 727 502-0277 [email protected]
Commercial Real Estate Broker
33 6th Street South, Suite 302
St.Petersburg, FL 33701
www.profoundproperty.com
Sitting at the gateway to the burgeoning “Arts and Warehouse District” in trendy Grand Central, this three
parcel corner consists of two, iconic, mid-century modern office retail buildings and corner lot which offer
exciting opportunities for the investor, owner-occupant or developer.
Well-maintained buildings are currently used as office/retail. The property has undergone extensive renova-
tions to provide up-to-date innovative spaces for a potential owner-occupant on the second floor and four
tenant-occupied spaces for additional income. Second floor has elevator access. The classic mid-century
modern design includes skylights, exposed ductwork, LED lighting, cork flooring, restored terrazzo—all the
best finishes throughout! Second floor space consists of approximately 4,000 square feet. Current tenants
include: Insurance Claims Adjusters, Artist Studios, Luxury Real Estate Management office, Software Devel-
opment School, and Law Firm.
The lot which occupies approximately 5,400 sq. ft. on the SW corner of Central Avenue and 22nd Street, is
currently partially used for parking but has endless development possibilities. Leases are below current
market rates with a substantial upside potential for the long term or 1031 exchange investor (see current
and potential rent rolls).
The property has been priced to sell by a motivated owner. Call today for an appointment to explore the
possibilities.
Corridor Commercial Traditional (CCT-2) zoning allowing for numerous uses including but not limited to: Office, Medical, Banks, Live/Work, Retail, Restaurant, Brewpub, Service, Studio, Mixed Use, Multifamily, etc.
Three Adjoining Lots: 53’ X 100’, 45’ X 100’ and 50’ X 100’ totaling 14,800 Square Feet with 148‘ of frontage directly on Central Avenue at the “entrance” to the 22nd Street Arts District providing excellent visibility, signage opportunities and immersion in the professional arts community.
Within a short distance of all downtown amenities, museums, shopping, hospitals, and restaurants.
Easy access to Interstate 275, downtown and mid-Pinellas County: West to beaches and East to the bay!
Flood Zone: X, non-evacuation.
Current NOI: $167,645 Pro Forma NOI at Market Rates: $322,200
Thirteen on-site parking spaces plus on-street non-metered street parking.
Located in the Enterprise zone – potential for income and sales tax savings.
FEATURES:
2200 Central Avenue Corner Lot, Currently used for Parking
Parking Behind Buildings
with Covered Entrances
2220 Central Avenue
Second Floor Offices
2220 Central Avenue
First Floor Unfurnished
2210 Central Avenue