900 Central AveSt. Petersburg, FL 33705

Property Details for 900 Central Ave

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.45 AC

Property size (Sq ft)

13,677 SF

Property type

Office properties

Property subtype

Office buildings

APN

24-31-16-14544-000-0020

APU

243116145440000020

Description

This exceptional 4,800 square foot single-tenant space is ideally situated on the corner of Central Avenue and MLK Boulevard, offering unparalleled visibility and accessibility. The property's versatile design makes it perfect for a coworking business, catering to a variety of needs and configurations. Currently configured as a retail space, it presents a blank canvas for a creative entrepreneur to establish a thriving coworking environment. The substantial square footage allows for ample workspace, private offices, collaborative areas, and potentially even a dedicated event space. The location at the intersection of two major thoroughfares ensures high foot traffic and excellent brand exposure. Long-term lease options are available, providing stability and security for a growing business. This is a unique opportunity to acquire a prominent commercial space in a high-demand area, perfectly suited for a coworking venture. The property's adaptability allows for customization to meet the specific requirements of a modern coworking operation. Serious inquiries are encouraged to discuss the potential of this exceptional location and explore the possibilities for a successful and long-lasting business. The property is classified as Retail, Office, and Restaurant, demonstrating its versatility and suitability for a wide range of uses. This prime location offers a significant advantage for any business seeking high visibility and convenient access. The single-tenant occupancy provides complete control and flexibility for the future tenant. Don't miss this chance to secure a thriving business location in a vibrant and growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,233,316

  6.5%

  $3,907,677

  7%

  $3,628,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,099,864

  Geo Method

  $2,099,864

• Alternative Use

  Use

  Valuation

  Residential

  $4,845,519

  Hospitality

  $4,438,470

  Educational

  $3,692,754

  Medical

  $3,819,754

  Retail

  $5,744,285

Location Insight

City

Saint Petersburg

County

Pinellas

State

Florida

Latitude

27.7708

Longitude

-82.6471

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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