Moxy Hotel Retail 1200R Central Ave 3,407 SF 100% Leased 4-Star Retail Building Saint Petersburg, FL 33705 For Sale

CBRE is pleased to present a rare opportunity to acquire a retail component of the Moxy Hotel prominently located in the newly energized EDGE District at the western edge of downtown St. Petersburg, Florida. Moxy St. Petersburg Downtown is ideally located at 1234 Central Avenue in the flourishing EDGE District—an emerging creative, social, and urban core that bridges downtown culture with walkable retail and nightlife. The district’s transformation into a lively mixed-use hub backed by major development gives ground floor retail real estate immense promise.
Moxy is positioned in the heart of a live-work-play neighborhood, attracting millennials and creative professionals with its design forward, socially oriented brand. The ground floor retail sits within an emerging mixed use district designed to attract foot traffic from both hotel guests and local residents of the future residential towers in Phase?II ~330 units) along with downtown office workers. It is fully occupied by two growing and credit-worthy tenants, both of whom signed new 10 year leases with annual rent increases and multiple renewal options, demonstrating a strong commitment to the property as well as a healthy financial position for years to come. These tenants are unique in their industries; they offer not just services but a social experience, making them valuable and resilient assets in the changing retail landscape.