1850 Central Ave
Saint Petersburg, FL 33712
Playhouse Theatre · Property For Lease

The property occupies a half a city block. A prime piece of St Petersburg real estate & history! The property includes 1 buildings (1850 Central Avenue), 1 parking lots (west side lot), and is located in the popular Grand Central District and Warehouse Arts District. Built in 1925, 1850 Central Avenue boasts an impressive 14,610 heated square feet with new roof. Exterior recently upgraded. Interior is ready for your design and ideas. Current zoning allows for nightclub/bar and mixed commercial uses as it carries a CCT-2 zoning designation. Maybe keep it as am entertainment venue; or maybe a European style food court destination, or a Google-esque shared office or of course a special event space. Detailed property description, maps, and site photos are available. Based on input with area commercial real estate experts, experience with other properties, and potential tenants, there is growing demand in the area that is 2 blocks from Tropicana Field and boasts several craft breweries, art galleries, and restaurants. Reasonable office space and entertainment venues are in demand to meet the residential growth of high-rise residences and apartments (Approx. 1,000 units within 1-6 blocks by Spring 2020) in downtown St Petersburg, FL as well as within a couple blocks. Complete asbestos remediation has been completed in March 2018 and is now ready for Tenant Improvements. The highly visible property features easy access to all areas of the community. Property located in a stable, in-fill location in the middle of the Grand Central District located just west of Downtown from 16th Street to 31st Street, between 1st Avenue North and 1st Avenue South. The Grand Central District was formed in 2001 and since has grown into the thriving source of culture along with the Warehouse Arts District that St. Petersburg boasts today. Home to a myriad of galleries, antique stores, restaurants, and unique shops, Grand Central District is a designated "Main Street Community". This charming district hosts many events and festivals throughout the year and is surrounded by historic neighborhoods giving it the feel of home We are a motivated owner and looking for a a tenant to lease this property "AS IS" as a deeply discounted lease rate to the market rate of nearly $30/sf. Lease terms $13,999/mo NNN AS IS with 5-year term.