965 Central Ave Saint Petersburg, FL 33705-1646
This exceptional mixed-use portfolio in St. Petersburg's vibrant Edge District presents a compelling investment opportunity. Comprising four buildings totaling 15,044 square feet on a 35,817 square foot lot, this stabilized, Class A property boasts a diverse tenant mix of eight businesses including a bank, creative offices, and popular restaurants. Built between 1926 and 1945, and extensively renovated between 2015 and 2017, the property benefits from a 100% occupancy rate and strong, long-term tenants. Located at 965, 1025, 1027, and 1041 Central Avenue, the portfolio is zoned DC-2, offering significant future redevelopment potential, including the possibility of adding multi-story retail space on existing vacant land. The property's prime location benefits from excellent access to public transportation, including the Central Avenue Bus Rapid Transit and the SunRunner, contributing to the area's robust growth and high demand. The South Pinellas submarket showcases strong market fundamentals, with historically low vacancies and steadily increasing rents across retail, multifamily, and hospitality sectors. This portfolio represents a rare chance to acquire a well-positioned, high-performing asset in a thriving urban core, poised for continued growth and significant future returns. The property is currently fully leased.
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Flaghsip Bank Bank Loan Service
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Flagship Bank Bank Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.