This is a Prime Development Opportunity in Downtown St. Petersburg. Located in the Downtown Corridor at the East End of the Grand Central District, the property consists of 5 parcels for a total of .69 Acres. Perfectly situated on 16th St. N and has frontage on both Central Avenue and 1st Avenue N. Both corners have lit traffic signals. Property can be accesed from Central Avenue, 1st Ave N and 16th St.
Perfect for ground retail development with an endcap or free standing drive through restaurant. The property has already been approved for a 3 story Retail and Office Building with 57 On Site Parking Spaces. The current owner has occupied the property as World Liquors, an established St. Pete business for over 60 years, and will consider being a Joint Venture partner in the development of the property. If redeveloped, the owner will lease up to 5,000SF for World Liquors.
The property is located on the same intersection as the new Fusion Apartment Complex. This 330+ unit Apartment Complex is currently has 97% occupancy and rents starting at $1,900. The property is located 2 blocks from Ferg's Sports Bar and a short walk to Tropicana Field and numerous downtown bars and restaurants. The property benefits from high traffic and visibility throughout the day. Central Avenue - a main downtown corridor. 16th Street - connects North and South St. Petersburg 1st Ave. N - serves has a main corridor for those leaving downtown. Part of the property currently serves as game day parking. Foot traffic is especially high during baseball season.
The property has easy access to I-275, US-19 and Downtown St. Petersburg. Incetives may be available for redevelopment. Contact Jake Wollman (239) 272-7006 with questions or to schedule a showing.
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