Edge Park Place Re-Development Land Play & Retail Building

Highlights

• Off-Market Land Play for Re-development
• Or Existing Retail Building with Parking for Sale
• Florida Opportunity
• Tampa Bay Metro Area
• Prime Downtown St Pete
• In the Area of Three Downtown Shopping & Dining Districts
• The Edge District
• Warehouse Arts District
• Grand Central District
• Tropicana Field MLB Zone
• Central Ave & First Avenues Vicinity
• 16th Street North and Pinellas Trail Exposure

Description

Exquisite Re-Development Land Play in Downtown St Petersburg
Off-Market Opportunity
The Edge Park Place

Our Offering is for an Off-Market Land Play for re-development but also for the option to keep the building for a prime Retail or Restaurant Site. The site consists of a 4,520 FT structure and a Land Mass of 11,400 SF. The Site is off-market for a limited time.

The Site is an exceptional re-development because of the address, the superior zoning, and many entitlements that are in place, already committed, and transferrable.

The Site is considered to be very prime for a Micro Unit Mid-Rise.

In addition to a Re-Development Play, the Site has a strong candidate for the appropriate retailer, restaurant, or bank.

The existing building has excellent construction, the structure is actually overbuilt. The building was built in 1949 by the local power company at the time, Florida Power. The walls are double thick, being that the concrete blocks were stacked length-wise, making the walls 16 inches thick instead of 8 inches.

The architectural features include an Art Deco facade and two double-door entry with generous floor-to-ceiling retail windows. The interior ceiling heights appear at least 11 feet high.

The building consists of 4,090 sf with an actual basement of 430 sf. The current floor plan starts with a double-door entry that leads into the showroom and front counter area. To the right, there are private offices. Behind the front area is a very sizable open warehouse space. To the left of this area are two private offices or store areas. The stairwell to the basement is in the southeast corner of the building. There is also a loft area above the ceiling line with interesting possibilities.

The property also boasts 30 parking spaces, which is way over sufficient, 7.5 spaces per 1,000 sf.

The Zoning is the best in town, that being DC-1, which allows 3.0 FAR, up to 5.0 FAR bonus approval without a public hearing, and up to &.0 with a public hearing. Maximum building heights start 125 ft, up to 150 ft with streamlined height, and up to 200 ft with a public hearing.

Here is the Code link: https://library.municode.com/fl/st._petersburg/codes/code_of_ordinances?nodeId=PTIISTPECO_CH16LADERE_S16.20.120DOCEDIDC

As a side note, there is currently a Marine Business for Sale in the building that is also available for purchase through a separate transaction.

Here is a brief description plus the website:
The business consists of retail sales to the general public, service of marine equipment, and repairs. The business has an extensive amount of inventory, equipment & tools for service and repair, and very valuable relationships with major marine brands, including dealerships.
https://buildout.com/website/1288621-sale?template_id=5

LOCATION DESCRIPTION: The location is simply extraordinary - the site is located just off Central Avenue on First Avenue North and 16th Street North. The address is on the 1500 block of First Avenue North at 1510 1st Avenue North.

Central Avenue and First Avenue North are the main corridors of Downtown St Pete and all of the Shopping and Dining Districts.

The site is also on the hard corner of the lighted intersection of 16th Street North & 1st Avenue North and in the Tropicana Field proximity. The Trop is the home stadium of the Major League Baseball team, Tampa Bay Rays.

16th Street is a major north-south corridor that is also the border for both the Edge District and the Grand Central District.

This Address is strategically located, and as mentioned previously the site abuts many popular districts including the Edge Shopping & Dining District and the Grand Central District and technically is in The Edge District. The Site is also close to the very upcoming neighborhood of Palmetto Park and two blocks from the famed Historic Kenwood Neighborhood.

The address is only minutes to the downtown core, Beach Drive, and waterfront, and minutes to the hospital, and university district.

The Interstate is only one minute away and US HWY 19 North is 4 minutes away.

Pinellas Trail Info: https://pinellas.gov/pinellas-county-trail-guide/ and https://www.floridarambler.com/florida-bike-hike-trails/pinellas-trail/

The Edge District: https://edgedistrict.org/

Grand Central District: https://www.grandcentraldistrict.org/

Warehouse Arts District: https://warehouseartsdistrict.org/