Strip
New
For Sale
$3,697,000
6501 Central Ave, St Petersburg, FL 33710
Central Plaza strip mall built in 1972 at 6501 Central Ave, St. Petersburg.
Property Size11,894 SF
Price / SF$310.83
Days on Market2
Property Features for 6501 Central Ave
General Information
Standard status
Active
Size
11,894 SF
Property subtype
Shopping Strip
Additional Details
Cap Rate
6.5%
Amenities
6527 Central Avenue (Building One) received a new roof in 2022, providing long-term durability and the added benefit of a transferable warranty.
This property took ZERO damage during the hurricanes. No flooding and no wind damage.
Strategically positioned along Central Avenue, one of St. Petersburg's primary east–west commercial corridors, providing excellent visibility.
Building Details
Building Size
11,894 SF
Year Built
1972
Listing Agency:
Marcus & Millichap
(813) 387-4765
Listed By:
Evan Cannan · License #License(s): FL: SL3433461
(813) 387-4765
Source:
Marcusmillichap
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 8:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
Central Plaza is a for-sale strip mall building constructed in 1972. The property totals 11,894 SF, offering a compact retail format that can support a range of neighborhood-serving businesses.
The asset is located at 6501 Central Ave in St. Petersburg, Florida, providing a straightforward address for leasing or tenant planning purposes.
With its established in-place building vintage and modest overall size, Central Plaza may be well suited for users seeking a smaller footprint within a strip center environment. Further details on unit mix, leasing terms, and tenancy are not provided here.
The asset is located at 6501 Central Ave in St. Petersburg, Florida, providing a straightforward address for leasing or tenant planning purposes.
With its established in-place building vintage and modest overall size, Central Plaza may be well suited for users seeking a smaller footprint within a strip center environment. Further details on unit mix, leasing terms, and tenancy are not provided here.
Key Highlights
- Central Plaza strip mall
- 11,894 SF total building size
- Built in 1972
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.4k | $15.00 |
| − Vacancy | −$11.6k | −$0.98 |
| EGI | $166.8k | $14.03 |
| − OpEx | −$50.0k | −$4.21 |
| NOI | $116.8k | $9.82 |
11,894 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $116,769 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,561 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
8,257 visits/mo
0.5 miles
Kwik Stop
Shops & Services
3,511 visits/mo
0.5 miles
Demographics for 33710, FL
33,172
Population
16,767
Households
2
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,147
Density / Sq Mi
$76,908
Median Household Income
$46,520
Median Earnings
$1,577
Median Rent
$312,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Central Plaza strip mall built in 1972 at 6501 Central Ave, St. Petersburg.
Where is this strip mall located?
The property is located at 6501 Central Ave St Petersburg, FL.
What is the asking price?
The asking price for this property is $3,697,000.
What are key features of this property?
This property features: Central Plaza strip mall; 11,894 SF total building size; Built in 1972
