Grand Central Redevelopment Office

Highlights:

• Prime Grand Central redevelopment opportunity
• Offered at land-value basis
• 45' of frontage on highly trafficked Central Avenue
• Structure suitable for renovation or complete redevelopment
• Ideal for retail, restaurant, office, or mixed-use development
• Surrounded by thriving restaurants, bars, cafés, and boutique retailers

Description:

2744 Central Ave, a redevelopment opportunity located along one of St. Petersburg's most active mixed-use corridors, in the heart of the Grand Central District. The property is offered as-is, providing an investor the ability to acquire a Central Avenue parcel at a land-value basis with multiple paths to value creation. This offering provides a rare opportunity to acquire a Central Avenue parcel at a land-value basis, with multiple paths to value creation through redevelopment or repositioning in one of St. Petersburg's most sought-after commercial corridors.

The site's narrow, deep configuration and CBS construction provide flexibility for a range of future uses, including ground-floor retail, restaurant, office, or a mixed-use concept combining ground-floor commercial with residential units above — consistent with the direction of recent redevelopment throughout the corridor. A conceptual rendering has been prepared illustrating one such mixed-use direction, with ground-floor retail bays and residential units above; the rendering is illustrative only and does not represent an approved or permitted design.

The property consists of an approximately 1,800 SF (2,025 gross SF) single-story CBS (concrete block) building situated on a 4,500 SF lot with 45 feet of frontage and 100 feet of depth. Constructed in 1953, the building retains a durable concrete block shell; however, the interior requires renovation, including remediation of a prior roof leak and general interior deterioration. As a result, the asset is well suited either to a full teardown and redevelopment or to a thoughtful repositioning that works within the existing structure.

2744 Central Ave benefits from an increasingly rare combination of direct Central Avenue frontage and immediate proximity to some of St. Petersburg's most active independent retail and hospitality concepts. The property is flanked by Tampa Bay Drinkery, an established and operating craft cocktail bar with live music, and a five-unit, ground-floor-only retail building currently under construction — evidence of continued reinvestment on this block. Within a couple of blocks, the corridor is anchored by Bandit Coffee, The Garage Bar, Neighborhood Wine Shop, Wild Child, and Kaixo/Barra Barra (replacing Baba), among other established operators.

Located within the Grand Central District, the property is minutes from Downtown St. Petersburg and sits along the corridor served by the SunRunner Bus Rapid Transit line connecting downtown St. Petersburg to St. Pete Beach. The Grand Central District has emerged as one of the city's most active small-format redevelopment corridors, characterized by adaptive reuse of mid-century commercial buildings, boutique retail, and destination food and beverage concepts, supported by continued reinvestment throughout St. Petersburg's urban core.


Offered at $1,220,000. Buyer to independently verify zoning, permitted density, flood zone, and redevelopment feasibility with the City of St. Petersburg and Pinellas County. Sold as-is, where-is.

2744 Central Ave benefits from an increasingly rare combination of direct Central Avenue frontage and immediate proximity to some of St. Petersburg's most active independent retail and hospitality concepts. The property is flanked by Tampa Bay Drinkery, an established and operating craft cocktail bar with live music, and a five-unit, ground-floor-only retail building currently under construction — evidence of continued reinvestment on this block. Within a couple of blocks, the corridor is anchored by Bandit Coffee, The Garage Bar, Neighborhood Wine Shop, Wild Child, and Kaixo/Barra Barra (replacing Baba), among other established operators.

Located within the Grand Central District, the property is minutes from Downtown St. Petersburg and sits along the corridor served by the SunRunner Bus Rapid Transit line connecting downtown St. Petersburg to St. Pete Beach. The Grand Central District has emerged as one of the city's most active small-format redevelopment corridors, characterized by adaptive reuse of mid-century commercial buildings, boutique retail, and destination food and beverage concepts, supported by continued reinvestment throughout St. Petersburg's urban core.

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