Property Description

1950-1990 Central Ave presents a rare opportunity to acquire a flexible, income-producing commercial asset well suited for bank, medical, or professional owner-users, as well as long-term investors. The property totals approximately 5,050 square feet and is partially occupied by an established restaurant tenant leasing approximately 2,300 square feet, providing reliable in-place income. The remaining approximately 2,750 square feet of office space is available for immediate occupancy or conversion to medical, financial services, retail, or professional use. 16 Dedicated Parking Spaces on Central Ave. with one ADA and another featuring an electric vehicle charging station. Located on a hard corner with incredible visibility for advertising your business and featuring a flagpole that is visible from I-275 with over 144,000 daily traffic counts. The building was purpose-built with Net Zero energy design and infrastructure, featuring solar and geothermal systems intended to significantly reduce long-term operating costs and enhance sustainability. The property offers covered on-site parking, complemented by ample street parking along Central Avenue, a critical amenity for customer-facing uses such as banking and healthcare. This configuration allows an owner-user to occupy a portion of the building while offsetting costs with tenant income, or provides an investor with stabilized cash flow and long-term upside in one of St. Petersburg’s most active commercial corridors. The property is located within the City of St. Petersburg’s CCT-2 (Central Commercial – Traditional) zoning district, one of the most flexible and desirable commercial designations along Central Avenue. This zoning supports a wide range of high-demand uses including banking and financial services, medical and dental offices, professional services, executive offices, service-oriented retail, restaurants, wellness concepts, and specialty food and beverage. The breadth of permitted uses allows an owner or investor to adapt the space over time as market demand evolves, providing long-term flexibility and protecting future value. In addition, the property’s placement within an Activity Center and the SunRunner Overlay significantly enhances its appeal and long-term positioning. Activity Center designation reflects the City’s intent to concentrate commercial activity, infrastructure investment, and pedestrian-friendly development in this corridor, while the SunRunner bus rapid transit line provides direct connectivity, increased visibility, and improved accessibility for employees and customers. Together, these planning overlays reduce entitlement risk, expand the potential tenant and buyer pool, and support higher-intensity commercial use, making this location especially attractive to owner-users, national tenants, and long-term investors.

Property Details