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Class A Office & Retail Downtown St. Pete 1246 Central Ave 27,261 SF 64% Leased 4-Star Office Building Saint Petersburg, FL 33705 $13,728,000 CAD ($503.58 CAD/SF)



Investment Highlights
- Stabilized asset with immediate upside via leasing high-demand Class A office space in Downtown St. Pete, where supply is limited.
- Desirable tenant mix with street-level retail and 17,233 square feet of creative office space on the second and third floors.
- One of the fastest-growing economies in the country, St. Pete has high inward migration, robust tourism, and a rising tech and creative workforce.
- Premium amenities and hospitality integration with direct access to the new Moxy by Marriott hotel along the buzzing Central Avenue.
- Ownership has invested $13M in capital improvements; 1246 Central is part of Phase II of the Edge Collective, a 500K-SF mixed-use development.
- St. Pete is experiencing unprecedented growth with billions in new construction planned and underway in the surrounding area.
Executive Summary
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 17,233 square feet of Class A, boutique office space and 7,012 square feet of street-level retail. The street-level retail is 100% leased with 8,704 square feet of premium office space available on floor two, 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.
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.
Sale Flyer
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
27,261 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1926/2025
Price
$13,728,000 CAD
Price Per SF
$503.58 CAD
Percent Leased
64%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,087 SF
Building FAR
3.13
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
DC-2 - Downtown Commercial
Parking
10 Spaces (0.37 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Kitchen
- Reception
- Natural Light
- Partitioned Offices
- Reception
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Starting at 1,800 square feet, Club 1246 at The EDGE Collective offers up to 8,000 square feet of boutique office space on Level 2.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,800-8,704 SF | Office | Shell Space | Now |
2nd Floor
| Size |
| 1,800-8,704 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
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Videos
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Matterport 3D Tour
Photos
Street View
Street
Map
2nd Floor
| Size | 1,800-8,704 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Starting at 1,800 square feet, Club 1246 at The EDGE Collective offers up to 8,000 square feet of boutique office space on Level 2.
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
19,152
107,764
245,411
2024 Population
21,072
109,400
246,447
Population Growth '20-'24
10.0%
1.5%
0.4%
2020 Households
10,541
50,123
112,122
2024 Households
11,548
50,696
112,117
Household Growth '20-'24
9.6%
1.1%
0.0%
Average Age
42
42
44
Median Household Income
$64,629
$70,695
$71,712
Daytime Employees
29,719
68,479
106,137
Total Businesses
4,471
10,105
15,625
College Degree + Higher
40%
35%
34%
$ values in USD
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Fergs Sports Bar & Grill | American | $ | 2 min walk |
| Hawkers Asian Street Fare | Asian | $$$ | 2 min walk |
| Bodega | - | - | 3 min walk |
| Bavaro's | Pizza | $$ | 6 min walk |
| Caribou Coffee | Cafe | $ | 10 min walk |
Retail |
||
|---|---|---|
| [solidcore] | Fitness | 2 min walk |
| Baycare Medical Group | MD/DDS | 5 min walk |
| Suncoast Credit Union | Bank | 4 min walk |
| Health Mart Pharmacy | Drug Store | 6 min walk |
| Publix | Supermarket | 10 min walk |
Hotels |
|
|---|---|
| Tru by Hilton |
132 rooms
2 min drive
|
| MOXY |
163 rooms
1 min drive
|
| Mint House by Kasa |
100 rooms
1 min drive
|
| Hilton |
333 rooms
4 min drive
|
| Marriott |
209 rooms
14 min drive
|
Property Taxes
| Parcel Number | 24-31-16-14544-000-0280 | Improvements Assessment | $29,301,099 CAD |
| Land Assessment | $8,073,380 CAD | Total Assessment | $37,374,480 CAD |
Property Taxes
Parcel Number
24-31-16-14544-000-0280
Land Assessment
$8,073,380 CAD
Improvements Assessment
$29,301,099 CAD
Total Assessment
$37,374,480 CAD
Sale Advisors
James Garner, Senior Vice President Investments
Mr. Garner, specializing specifically in the multi-tenant shopping centers and the single tenant net-leased sector, has unmatched tenacity when it comes to performing for his clients. With industry knowledge and expertise on multi-tenant and net-leased properties, James always strives to be a leader while also being a student.
Jim Shiebler CCIM, CEC, Senior Vice President Investments
Jim Shiebler, CCIM, is a Senior Vice President Investments Broker at CBRE and is based out of Southwest Florida. He focuses his expertise on Single-Tenant Net-Lease Restaurant assets throughout the Southeast U.S. and Multi-Tenant Retail properties throughout Western Florida. As a specific market and product type skilled professional, he specializes in the acquisition, disposition, and exchange of investment-grade retail properties.
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Class A Office & Retail Downtown St. Pete | 1246 Central Ave
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