Exceptional opportunity to Lease NEW street-level Commercial space on famed Central Avenue in the red-hot Grand Central District! This iconic standalone building (at the hard corner of Central Avenue & 19th Street) has a HUGE presence with a whopping 50β of prime Central Avenue frontage. Best of all, brand new Commercial storefronts + major property renovations are underway NOW! Ask listing Broker for renderings - these new Storefront spaces will be EPIC. Character - Presence - High Visibility and in a SMART location, long-term!
A long-term lease opportunity is possible to qualified Tenants (up to 10-Year initial Term + two 5-Year renewal options) with multiple space configurations available. The game changing $6. 5 BILLION dollar redevelopment of Tropicana Field just four blocks away, this is a SUPER SMART long-term location in downtown St. Pete. Read the latest here: https: //bit. ly/456IqRi
Most concepts are possible here since CCT-2 zoning allows for MOST uses. Delivery to tenant is expected Q1 of 2025. Ask listing Broker about potential to build out YOUR space under open construction permits to save MONTHS of build out time and get open quicker, if you secure a Lease opportunity now.
Lease the high visibility East corner Central Avenue end cap space which will be FLOODED with natural light from the new Commercial storefront. This amazing space boasts over 20;β of Central Avenue frontage + big windows all along 19th Street! Total SF for the East corner unit is 2, 318SF (with exterior common area + two ADA Restrooms included) 1, 470SF net rentable area; Total lease rate of just $6, 125. 00/month ($43. 00/SF base rent with $7. 00/SF NNN included) + sales tax & utilities. The West corner Central Avenue street level space enjoys 20β of frontage on Central Avenue as well. Total SF for the West corner unit is 2, 830SF (with exterior common area + two ADA Restrooms included) 1, 532SF net rentable area; Total lease rate of just $6, 128. 00 per month ($41. 00/SF base rent with $7. 00/SF NNN included) + sales tax & utilities. Both options provide deep sidewalks for Cafe seating area or display.
Need MORE street-level Commercial space? The ENTIRE Central Avenue Commercial space (3, 850SF) can be leased to one Tenant (or entire 8, 000SF building on two levels; while still available) for Retail, Restaurant, Pharmacy (including Cannabis Dispensary), Creative Space, Office, and more. A large format Storefront for long-term Lease is VERY RARE on Central Avenue in Downtown St. Pete!
Restaurant operators can potentially qualify for a FREE 4COP from the State of Florida (see sample Restaurant layout in images) saving food & beverage Tenants $500K+ up front on the full liquor license. Feel free to ask listing Broker for details on the free 4COP (SFS license) guidelines in Florida for qualifying food & beverage concepts.
The available 2nd floor space is a blank canvas - Cool and unique 4, 000SF space with St Pete vibes! Offering 9' ceilings with rusted out beams - itβs WIDE OPEN + private elevator access for ADA compliance. All new large windows will flood the space with natural light - see renderings - truly a special space for your creative vision. 4, 150SF NRA (which includes elevator lobby & elevator), total of $14, 525. 00/mo + tax & utilities.
CCT-2 zoning: https: //library. municode. com/fl/st. _petersburg/codes/code_of_ordinances?nodeId=PTIISTPECO_CH16LADERE_S16. 20. 080COCOTRDICC
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $262,400 | $262,400 | $262,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $729 | $729 | $729 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,790 | $1,744 | $2,213 |
Total Monthly Payment | $2,594 | $2,548 | $3,017 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.