You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $2,025,000
Banks

965 Central Ave Saint Petersburg, FL 33705-1646

4,200 SF 0.1 ac lot Built 1926
Entity Owned 11-yr Hold Free & Clear
Property ID
US18-1923557
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1926
Construction CONCRETE BLOCKS
Total area 4,200 SF
Lot 0.1 ac (4,208 SF)
APN 24-31-16-14544-000-0950
UPID US18-1923557
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Flaghsip Bank Bank Loan Service
  • Flagship Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.03M
Blend (final) Blend
$2.03M
Owner & transaction history
965-1027 Central Ave Holding L · 11 yrs held
965-1027 Central Ave Holding L
since 2015
7 recorded transactions
2026
Price N/A
2020
Price N/A
2016
Price N/A
2015
$1.1M
2010
$350,000
2010
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.5M +24.0%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 965 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message