This incredible commercial space is right in the middle of all that Central Avenue has to offer. This property has 71 feet of store frontage and multiple picture windows facing Central Avenue, in the heart of the Grand Central District. The charming structure, built in 1925, consists of more than 4,900 square feet of interior space as well as 1,000 square feet of outside patio. A single tenant currently occupies the space, but according to listing agent Doug Studer of Vector Commercial Real Estate, it would be best utilized as a multi-tenant retail investment. The building is adaptable to a multitude of uses, but the real draw is the bustle of the ever-growing Central Avenue corridor, which continues to expand west.
“This is a hot spot in St. Pete, yet property prices are still well below downtown and The Edge districts,” said Studer, who added that prices are in the mid-$30s per square foot in The Edge district, $40 per square foot downtown and $50 per square foot on Beach Drive. “It is a value-add opportunity for an investor who is actively looking.”
The Grand Central District is located within easy access of I-275, U.S. 19 and the beaches. The corridor draws shoppers and diners from all over the Tampa Bay area. This particular property is adjacent to several other well-known antique shops as well as high-end condos and restaurants.
History and Current Use
Vintage Modern St. Pete, previously Janet’s Vintage, has been in operation since owners Ralph and Janet Howe purchased the building in 2005. The couple, both former professional tennis players, started the antique business, which grew out of Janet’s love for vintage tennis memorabilia, at a small shop on Fourth Street just south of Bob Lee’s. Initially called Fourth Street Antiques, the couple garnered quite a following and renamed the business when they moved. Several other antique shops followed them to the corridor. “Janet quickly became known in the antique business,” said Ralph, who added that her proficiency in the industry is what helped draw places like Buster’s Antiques and Patty and Friends Antique Village Mall, which has more than 70 stalls, to the area.
Today, longtime associates Dale and Susan run the vintage store and manage the array of inventory, including vintage furniture, art, jewelry, toys, pottery, and lighting from more than 20 professional dealers. For more information on the purchase or lease of 2545 Central Avenue, St. Petersburg, call Doug Studer, Vector Commercial Real Estate, at 727-823-1230, ext. 235 or email him at firstname.lastname@example.org.