2817 Central Mixed-Use Redevelopment Land Play

Highlights:

• RARE Grand Central District Development Site
• Excellent Re-Development Land Play!
• Amazing Central Avenue Frontage
• Attractive CCT-2 Zoning Allows for Numerous Commercial Uses
• Qualified Opportunity Zone
• Site Plan for Multifamily Mixed-Use Already COMPLETED!
• Plans Consists of a 5 Story Building with 31 Residential Units and 5,700 +/- SF of Prime Ground Floor Retail Space Divided into Six 950 +/- SF Units
• Property Includes an Existing 4,494 +/- SF Free-Standing Retail Building and 1,440 +/- SF Convenience Store
• Total of 0.53 +/- Acres of Land

Description:

The site currently has a 4,494 +/- SF retail building and is prime for re-development. It is zoned CCT-2 which would allow for a total of 58,750 +/- buildable SF with a FAR set at 2.5. Currently under this zoning. the maximum density is 31 residential units with prime ground level retail space. Plans for this redevelopment have already been completed and consists of a 58,750 +/- Buildable SF with 31 Residential Units and 5,700 +/- SF of prime ground floor retail that can be divided into six 950 +/- SF units. The zoning is excellent in that is allows for a wide range of uses including Restaurants, Cafes, Coffee Houses, Boutiques, Gallery, Salon, Spa, Gift Shops and more. Office Use is also a possibility - General Office, Legal, Medical, Insurance or Financial. Additionally, this property is in a Opportunity Zone which allows improvements and capital gains to grow TAX FREE after developing and holding for 10 years.

Located in the heart of the booming Grand Central Shopping & Dining District of Saint Petersburg, this 0.53 +/- acre site consists of two parcels with over 180 feet of frontage along the highly sought after Central Avenue. The site is located on the northside of the 2800 Block of Central Avenue and is positioned well for mixed-use residential redevelopment. Plans for this redevelopment have already been completed and consists of a 58,750 +/- SF Building with 31 Residential Units and 5,700 +/- SF of prime ground floor retail.

On the 2800 block of Central, it is surrounded by highly popular tenants, such as Hawthorne Bottle Shoppe, Wild Child, The Garage on Central, Bandit Coffee Co, and Baba Restaurant Bakery & Café, which drives huge traffic counts. According to 2020 FDOT, the traffic count is 14,500 vehicles daily along Central and 8,5000 vehicles daily along 31st Street. The site is also abutting the well-known coveted Historic Kenwood Neighborhood, the Arts Warehouse District and the Edge Shopping & Dining District. Furthermore, the site is only minutes for the Interstate, US Hwy 19 North, Three Major Hospitals, Two Universities, Beach Drive and DTSP. This is a Destination District, in a Destinations Downtown, in a Destination City, in a Destination State.

The site currently has a 4,494 +/- SF retail building as well as a 1,444 +/- SF corner store and is prime for re-development. It is zoned CCT-2 which would allow for a total of 58,750 +/- buildable SF with a FAR set at 2.5. Currently under this zoning the maximum density is 31 residential units and allows for mixed-use commercial space as well. Currently, there is been approval for a 31-units Apartment or Condo with 5,700 +/- SF of commercial space that could be divided into six 950 +/- SF units. The zoning is excellent in that is allows for a wide range of uses including Restaurants, Cafes, Coffee Houses, Boutiques, Gallery, Salon, Spa, Gift Shops and more. Office Use is also a possibility - General Office, Legal, Medical, Insurance or Financial.