901 Central Ave - Storefront FOR SALE


Saint Petersburg, FL 33705- Edge District
$4,995,000 USD
941-724-2321
901 Central Ave, Saint Petersburg, FL for Sale
$4,995,000 USD
Storefront - FOR SALE
1/12
null | Request Cap Rate

901 Central Ave
Saint Petersburg, FL 33705
Edge District


OVERVIEW

901–909 Central Avenue is a ±5,116-square-foot, single-story, multi-tenant retail building on a ±0.5-acre corner parcel at the hard corner of Central Avenue and Dr. Martin Luther King Jr. Street N the eastern gateway where downtown St. Petersburg meets the EDGE District. Offered at $4,995,000, the property wraps ±110 feet of frontage along Central Avenue with full exposure along Dr. MLK Jr. Street N, delivering rare two-sided visibility on one of Florida's most walked downtown corridors. The building has been recently refreshed with stucco repair, new exterior paint, a new mural on the MLK-facing elevation, a new water service, a new storefront window, and general repairs throughout. Three of the building's four retail bays are leased on NNN terms to health & wellness, restaurant, and retail operators, with the fourth bay currently in active lease negotiation. The property is zoned DC1 (Downtown Center 1) and is entitled for restaurant/café, brewery/taproom, boutique retail, fitness and wellness, gallery/maker space, coffee and bakery, professional office, and general retail uses. The surrounding EDGE District has added 855 multifamily units and 263 hotel keys within walking distance, part of a corridor with 130+ businesses and roughly 80,000 monthly visitors and sub-3% retail vacancy. Two blocks southwest, the 58-acre Historic Gas Plant District is being remade into one of the largest redevelopments in the region's history an $8.1 billion redevelopment selected on July 2, 2026, projected to deliver thousands of new homes, Class A office, hotels, retail, and a 13-acre central park. For an investor, this is a rare, largely stabilized income play on an irreplaceable hard corner directly in the path of downtown St. Petersburg's next two decades of growth.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$976 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

DC-1

APN/PARCEL ID

24-31-16-94842-000-0450

ASK ABOUT THIS PROPERTY

Kevin RobbinsHarry E. Robbins Associates, Inc.More Info
941-724-2321

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Kevin RobbinsHarry E. Robbins Associates, Inc.More Info
941-724-2321

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