727-591-5718
1246 Central Ave, Saint Petersburg, FL for Sale
Office - FOR SALE
1/11
null | Request Cap Rate

1246 Central Ave
Saint Petersburg, FL 33705
Edge District


HIGHLIGHTS

  • Stabilized asset with immediate upside leasing class A office space in downtown St. Pete where class A office is limited & in high demand
  • Premium amenities and hospitality integration with direct access to the new Moxy by Marriott hotel
  • Desirable tenant mix with street level retail and 17,208 SF of creative office space on floors 2 & 3
  • Ownership has invested $13M in renovations and redevelopment; 1246 Central is part of Phase II of the Edge Collective, a 500K SF mixed use development
  • St. Pete is one of the fastest growing economies in the country with high inward-migration, robust tourism, and a rising tech & creative workforce
  • St. Petersburg is experiencing unprecedented growth with billions in new construction planned & underway.

OVERVIEW

CBRE is pleased to present an exciting opportunity to acquire 1246 Central Avenue, a ±27,261 SF (inclusive of common areas and patio) fully redeveloped office and retail property within the newly reimagined EDGE Collective in Downtown St. Petersburg, Florida. Anchored by the new Moxy by Marriott hotel and surrounded by explosive residential and commercial development, 1246 Central includes approximately ±17,408 SF of Class A, boutique office space and 7,094 SF of street level retail. The street level retail is 100% leased with ±17,408 SF of premium office space available, positioning it as both a stable investment and an active value-add investment.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Club 1246 at The EDGE Collective

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

DC-2

APN/PARCEL ID

24-31-16-14544-000-0280

ASK ABOUT THIS PROPERTY

James GarnerCBREMore Info
727-591-5718

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James GarnerCBREMore Info
727-591-5718

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.