Sustainable Infrastructure RARE Asset with Income

1950–1990 Central Avenue is positioned along one of St. Petersburg’s most active commercial corridors in the heart of the Grand Central District, with immediate access to Downtown St. Petersburg, I-275, the Warehouse Arts District, and Historic Kenwood. Surrounded by established neighborhoods, local dining, retail, galleries, and creative office users, the property benefits from strong visibility, walkability, and continued public and private investment along Central Avenue. A key advantage of the location is its position within the evolving SunRunner corridor, where recent zoning and land development changes are intended to encourage additional density, mixed-use redevelopment, expanded permitted uses, and a more transit-oriented development pattern. Combined with the strength of the surrounding Grand Central submarket, 1950–1990 Central Avenue offers both immediate infill appeal and long-term redevelopment upside in one of St. Petersburg’s most active urban corridors.1950–1990 Central Avenue presents a rare opportunity to acquire a highly visible mixed-use commercial asset in the heart of St. Petersburg’s Grand Central District with both in-place income and future repositioning upside. The property is currently configured with approximately 2,300 SF leased to an established restaurant tenant, providing stabilized income, plus approximately 2,750 SF of available space that can be occupied by an owner-user, leased to a new tenant, or further divided to create up to three separate units across the property. A major differentiator for the corridor is the on-site parking, with 16 total spaces including tandem parking and an EV charging station—an increasingly limited amenity along Central Avenue that enhances usability for restaurant, retail, office, medical, or service-oriented concepts. Positioned within the evolving SunRunner corridor and Grand Central District, the property also offers long-term redevelopment potential supported by recent zoning and land development changes intended to encourage additional density, mixed-use redevelopment, and transit-oriented growth along Central Avenue. This combination of current cash flow, flexible multi-tenant configuration, strong parking, and future redevelopment upside makes 1950–1990 Central Avenue a compelling opportunity for investors, owner-users, and developers alike.Discover the perfect space for your business at 1950 - 1980 Central Avenue, St. Petersburg, FL. This prime property offers versatile lease opportunities suitable for a range of businesses. With spacious floor plans, ample parking, and modern amenities, this location is sure to meet your needs. The property's strategic location provides high visibility and easy access for your customers. Whether you're looking for retail, office, or commercial space, this property offers the ideal setting to elevate your business. Don't miss the chance to make this sought-after location the new home for your enterprise.