1980 Central Ave 5,050 SF 46% Leased Office Building Saint Petersburg, FL 33712 $4,401,231 CAD ($871.53 CAD/SF) 7% Cap Rate

1980 Central Avenue offers the opportunity to acquire a highly visible freestanding commercial asset totaling 5,050 SF along one of St. Petersburg’s most dynamic urban corridors. Positioned on Central Avenue with immediate access to Downtown St. Petersburg, the Grand Central District, and I-275, the property combines corner exposure, dedicated parking, and flexible adaptive reuse potential in a corridor where well-located freestanding product remains limited. In addition to its existing improvements, the site presents a compelling value-add component through its rear parking field, which offers future redevelopment or expansion potential for an investor or owner-user seeking to increase site utility, intensify income-producing improvements, or reposition the property over time, subject to zoning, municipal approvals, and buyer due diligence. With evolving corridor development patterns and reduced parking requirements in portions of the Central Avenue corridor, the parking area may represent a strategic land reserve not often found with comparable urban commercial assets.
The asset is suited for an owner-user seeking a flagship location, an investor targeting a strategic urban commercial holding, or a buyer looking to reposition the property for a higher-value use. The building’s scale, frontage, and parking support a broad range of potential concepts including restaurant and hospitality, wellness or fitness, medical or boutique office, creative showroom, technology workspace, or other experiential commercial uses, subject to zoning and municipal approvals. A meaningful differentiator for the corridor, the property includes 12 tandem parking spaces configured as 6 stacked pairs together with 1 EV charging station, offering on-site parking capacity that is increasingly difficult to replicate on Central Avenue while also creating optionality for future site planning and redevelopment analysis. The building also benefits from sustainability-forward infrastructure, including solar and geothermal components, creating a compelling basis for long-term operating efficiency, brand positioning, and adaptive reuse for users or investors prioritizing ESG-minded occupancy.1980 Central represents the opportunity to control a distinctive urban commercial asset with strong identity, flexible functionality, and multiple paths to value creation in one of Tampa Bay’s most supply-constrained submarkets. Buyer should independently verify square footage, parking configuration, zoning, permitted uses, redevelopment potential, building systems, and all information material to its acquisition and intended use of the property.