Central Ave 2nd Gen Restaurant 2451 Central Ave 3,420 SF Retail Building Saint Petersburg, FL 33713 $1,995,000 ($583.33/SF)

2451 Central Avenue is positioned in the heart of the Grand Central District, one of the most active and evolving commercial corridors in St. Petersburg. This offering presents a strong opportunity for a restaurant, bar, or entertainment concept to establish a presence along Central Avenue, a location defined by consistent foot traffic, strong demographics, and continued growth. Formerly home to Old Key West Bar, the property has a long-standing history as a neighborhood destination. Today, it offers something increasingly difficult to find along Central Avenue: a true indoor outdoor restaurant layout with scale, functionality, and on-site parking. The space includes approximately 2,310 square feet of interior area with a flexible layout capable of supporting bar-forward concepts, full-service dining, or hybrid entertainment uses. A ~1,100 square foot covered patio creates a seamless extension of the interior and serves as a key operational advantage, allowing for consistent service during rain and heat while maintaining staffing efficiency. In total, the property offers approximately 3,410 square feet of usable space, not including additional frontage along Central Avenue that can be activated for outdoor seating. The site layout allows for strong circulation between indoor and outdoor areas, making it well suited for high-volume service and group dining. Situated on a ~0.23-acre parcel, the property provides a level of openness and flexibility rarely seen along this corridor, along with on-site parking, a meaningful advantage for both employees and guests in a high-traffic urban setting. The surrounding trade area includes some of the most active food and beverage concepts in the market, including Wild Child, Grand Central Brewhouse, Dog Bar, and Bandit Coffee. These operators help drive consistent local and destination traffic, reinforcing Central Avenue as one of the primary dining and entertainment corridors in the Tampa Bay region. Central Avenue is now supported by a rapidly expanding residential and hospitality base. Over the past several years, thousands of apartment units, townhomes, and mixed-use developments have been delivered between the EDGE District and Grand Central, with additional projects under construction and planned that will continue to push density west. Multiple mid- and large-scale communities in the 150 to 300+ unit range, along with infill townhome developments, are bringing full-time residents directly into the neighborhood. At the same time, hundreds of new hotel rooms have been delivered nearby, with additional boutique and flagged hotels continuing to come online, strengthening year-round tourism and weekend demand. The result is a materially larger daily population within walking distance, combining local residents and visitors to support consistent traffic and strong restaurant performance. The property is also positioned between Historic Kenwood and Palmetto Park, with direct access to the SunRunner, further enhancing accessibility and connectivity to downtown and the beaches. Zoning is CCT-2 (Central Avenue Corridor Traditional), allowing for a wide range of commercial uses and offering long-term flexibility. Continued overlay-driven growth and increasing residential density along Central Avenue support both immediate tenancy and long-term redevelopment potential. This is a chance to secure a high-visibility Central Avenue restaurant space with the infrastructure to support strong day-to-day operations. Prospective buyers and tenants should independently verify all information and conduct their own due diligence.