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5023-5047 Central Ave

10,000 SF 50% Leased Office Building Saint Petersburg, FL 33710 $3,500,000 ($350/SF)

Investment Highlights

  • Owner-User Opportunity
  • Ample Parking for Medical
  • High Traffic Volume
  • Centrally Located

Executive Summary

Prime Commercial Property in the Heart of St. Petersburg available for lease or sale. This investor or owner-user opportunity is located in the vibrant and growing Central Avenue corridor, the property has high visibility with heavy traffic volume, providing maximum exposure for your business. The 10,000SF building is a 6 tenant building with approximately 50% occupancy. The current vacant space is divided into 1,200SF and 3,700SF with the potential to combine the space for a larger business. The property also has a separate lot with 30 extra parking spaces which is difficult to find on Central, making this location more desirable to potential tenants.
With versatile zoning, the space can accommodate a variety of uses, from medical, retail or office space to service-oriented businesses, such as a salon. The interior boasts an open floor plan and max potential to get creative with the space, as well as ample natural light, while the exterior features convenient parking and signage opportunities. Upgrades include re-paving and striping the parking lot for a fresh new look.
Enjoy close proximity to Downtown St. Petersburg, the bustling Grand Central District, Tyrone and the beautiful Gulf Coast beaches, as well as easy access to major highways. This location is also about a 10 minute walk to a SunRunner stop, making access easier. This is a rare opportunity to secure a location in a rapidly developing area with excellent growth potential.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
10,000 SF
Building Class
B
Year Built
1970
Price
$3,500,000
Price Per SF
$350
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,000 SF
Building FAR
0.33
Lot Size
0.70 AC
Zoning
CRT-1
Parking
40 Spaces (4 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 101
  • 1,200 SF
  • Office
  • -
  • Feb 2025

Currently used as medical office space. Light and bright space with large windows. Currently configured as 3 rooms. Two of the rooms are used as exam rooms with vanities and existing plumbing. ADA restroom. This space is most visible and sits prominently as the the west end-cap of the building. The 1,200SF space can be combined with the adjacent 3,700SF space for a total of almost 5,000SF.

  • 1st Fl-Ste 102
  • 3,700 SF
  • Office
  • -
  • Dec 2024

The current vacant space is divided into 1,200SF and 3,700SF with the potential to combine the space for a larger business. The property also has a separate lot with 30 extra parking spaces which is difficult to find on Central, making this location highly sought after. The 3,700SF space has a large lobby with two front entrance doors, reception desk and dedicated reception area. There is a circular flow of perimeter offices for a total of 8 private offices. Central to the offices is a flexible work area, currently used as two large conference rooms perfect for team collaboration. In addition, there is a server room with an exterior exit door, a kitchen breakroom with one of the four restrooms as well as an additional exterior exit door. With versatile zoning, the space can accommodate a variety of uses, from medical, retail or office space to service-oriented businesses, such as a salon. The interior has multiple offices/exam rooms and max potential to get creative with the space, as well as ample natural light, while the exterior features convenient parking and signage opportunities. Upgrades include re-paving and striping the parking lot are underway to ensure a fresh new look.

Space Size Space Use Condition Available
1st Fl-Ste 101 1,200 SF Office - Feb 2025
1st Fl-Ste 102 3,700 SF Office - Dec 2024

1st Fl-Ste 101

Size
1,200 SF
Space Use
Office
Condition
-
Available
Feb 2025

1st Fl-Ste 102

Size
3,700 SF
Space Use
Office
Condition
-
Available
Dec 2024

1st Fl-Ste 101

Size 1,200 SF
Space Use Office
Condition -
Available Feb 2025

Currently used as medical office space. Light and bright space with large windows. Currently configured as 3 rooms. Two of the rooms are used as exam rooms with vanities and existing plumbing. ADA restroom. This space is most visible and sits prominently as the the west end-cap of the building. The 1,200SF space can be combined with the adjacent 3,700SF space for a total of almost 5,000SF.

1st Fl-Ste 102

Size 3,700 SF
Space Use Office
Condition -
Available Dec 2024

The current vacant space is divided into 1,200SF and 3,700SF with the potential to combine the space for a larger business. The property also has a separate lot with 30 extra parking spaces which is difficult to find on Central, making this location highly sought after. The 3,700SF space has a large lobby with two front entrance doors, reception desk and dedicated reception area. There is a circular flow of perimeter offices for a total of 8 private offices. Central to the offices is a flexible work area, currently used as two large conference rooms perfect for team collaboration. In addition, there is a server room with an exterior exit door, a kitchen breakroom with one of the four restrooms as well as an additional exterior exit door. With versatile zoning, the space can accommodate a variety of uses, from medical, retail or office space to service-oriented businesses, such as a salon. The interior has multiple offices/exam rooms and max potential to get creative with the space, as well as ample natural light, while the exterior features convenient parking and signage opportunities. Upgrades include re-paving and striping the parking lot are underway to ensure a fresh new look.

Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-31-16-14490-017-0090
Land Assessment
$427,191
Improvements Assessment
$537,809
Total Assessment
$965,000
  • Listing ID: 34212122

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: 5023-5047 Central Ave, Saint Petersburg, FL 33710

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