6827-6850 Central Avenue 4 Properties Offered at $5,725,000 in Saint Petersburg, FL

RIPCO Real Estate is pleased to offer for sale 6827- 6850 Central Avenue, a four-building commercial collection totaling ±25,580 SF situated on the northwest corner of the signalized intersection of Pasadena Avenue and 1st Avenue South, with additional frontage on Central Avenue, in St. Petersburg, Florida. The portfolio is composed of two single-tenant buildings and two multi-tenant buildings. The single-tenant buildings are occupied by Carnovale Car Care, a well-regarded independent auto repair facility serving domestic and European vehicles that has operated at this location since 2011, and Practically Pikasso, a family-owned creative arts studio in business since 1999. The two multi-tenant buildings are primarily comprised of professional and medical office tenancies, including a CPA firm, financial services, home care providers, and a neurosurgery practice. The property offers multi-street frontage and signalized access across three arterials with a combined AADT of 47,400.
The property is located along Central Avenue, one of St. Petersburg’s most established east-west commercial corridors, and benefits from proximity to the SunRunner Bus Rapid Transit line, St. Petersburg’s first BRT service. Within a 3-mile radius, there is a population of 89,101 and an average household income of $112,627. This collection represents an attractive investment opportunity for investors seeking a multi-building commercial portfolio with significant arterial frontage, diversified tenancy, and hard-corner positioning in the largest city in Pinellas County, the most densely populated county in the state of Florida.