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 via leasing high-demand Class A office space in Downtown St. Pete, where supply is limited.
  • Premium amenities and hospitality integration with direct access to the new Moxy by Marriott hotel along the buzzing Central Avenue.
  • Desirable tenant mix with street-level retail and 17,208 square feet of creative office space on the second and third floors.
  • Ownership has invested $13M in capital improvements; 1246 Central is part of Phase II of the Edge Collective, a 500K-SF mixed-use development.
  • One of the fastest-growing economies in the country, St. Pete has high inward migration, robust tourism, and a rising tech and creative workforce.
  • St. Pete is experiencing unprecedented growth with billions in new construction planned and underway in the surrounding area.

OVERVIEW

Acquire 1246 Central Avenue, an approximately 27,261-square-foot (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 square feet of Class A, boutique office space and 7,094 square feet of street-level retail. The street-level retail is 100% leased with roughly 17,408 square feet of premium office space available, positioning it as a stable investment and an active value-add investment. The Edge Collective is the centerpiece of the Edge District, a highly walkable, culturally rich corridor that has rapidly become a magnet for the city’s creative class, young professionals, entrepreneurs, and experience-driven visitors. Stretching from Dr. MLK Jr. Street to 16th Street along Central Avenue, the Edge District is flanked by independent restaurants, boutique retailers, art galleries, and destination breweries. The area’s historic charm blends seamlessly with new mixed-use developments, attracting a wave of local and out-of-market capital. St. Petersburg is experiencing unprecedented growth, with billions of dollars in new construction planned or underway. The Edge District sits at the front door of this momentum, offering hard-to-replicate street-level authenticity. Phase II of the Edge Collective promises more residential units, retail, and parking structures, increasing density and making the area a true urban neighborhood. 1246 Central Avenue offers prime positioning within a destination district that continues to gain regional and national attention. The opportunity to lease the remaining office space and ride the wave of surrounding development offers immediate return and long-term upside for an investor seeking a smart, strategic entry into a maturing urban core.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Class A Office & Retail Downtown St. Pete

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

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

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

James GarnerCBREMore Info
727-591-5718

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