905-909 Central Ave 5,116 SF 100% Leased Retail Building Saint Petersburg, FL 33705 $7,093,949 CAD ($1,386.62 CAD/SF)

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 established 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.