Catylist ID:
#30849001
Downtown St. Pete Historic Mixed-Use Building
Retail-Commercial
for Sale
| Catylist Listing ID: | 30849001 |
| Property Subtypes: | Mixed Use, Restaurant, Street Retail |
| Building Size (RSF): | 28,688 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $9,500,000 |
| Unit Price: | $331.15 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Building Name: | The McCrory Building |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/7/2023 |
Overview / Comments
|
Exceptional investment opportunity in the thriving market of downtown St. Petersburg! Built in 1904, the McCrory Building has long been one of the most iconic and recognizable buildings in Downtown St. Pete. The remarkable mixed-use building offers the perfect blend of rich history, thriving commerce, and endless potential. Boasting an enviable location, The McCrory Building is Ideally situated on Central Avenue in the vibrant entertainment and historic business district. The proximity to the interstate offers easy access to the building for Tenant’s customers and staff. The building has been beautifully maintained and recently renovated on the interior with modern touches, while preserving the historical charm of the early 1900’s. The ground-floor retail spaces are fully leased to successful and well-established restaurants. Above the ground floor retail, the building features an array of office spaces on the 2nd floor ranging from 250 RSF – 1,800 RSF. The 2nd floor offices feature hard wood flooring, and plenty of natural light coming through the numerous windows and skylights. The size of the office suites are ideal for a multitude of tenants seeking private office space in the Downtown market. The 3rd and 4th floors are currently leased to a modern co-work and shared workspace group. The 400 block of Central Avenue has seen increased investment activity in recent years. The McCrory building is located in the heart of Downtown near numerous exciting new developments, and directly across the street from the 46-story luxury tower The Residences at 400, which is being developed by New York based develop Red Apple Group. Take advantage of this rare opportunity to acquire a piece of history and invest in a property poised for exceptional growth and upside potential. Contact us today to arrange a private tour and for additional information. |
Attachments & Media
Additional Details
| Nearest MSA: | Tampa-St. Petersburg-Clearwater |
| County: | Pinellas |
| Taxing Authority: | Pinellas County |
| Tax ID/APN: | 19-31-17-74466-027-0160 |
| Zoning: | CBD-1, ST PETERSBURG |
| Retail Clientele: | General |
| Property Located Between: | 5th St. S & 4th St. S |
| Property Visibility: | Excellent |
| Feet of Frontage: | 120 |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 4 |
| Property Condition: | Good |
| Year Built: | 1904 |
| Construction/Siding: | Concrete |
| Sprinklers: | Wet |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Lot Frontage: | 120 Ft. |
| Lot Depth: | 100 Ft. |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 16,828 | 104,979 | 240,953 |
| Median Age: | 44.56 | 40.38 | 42.24 |
| Households: | 9,031 | 45,901 | 105,397 |
Contact
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