Places This Week: Former Sears outlet back on the market

A weekly roundup of notable local real estate news.

A 148,100 heated square-foot general warehouse space, formerly owned and operated by Sears, Roebuck and Co. at 4600 Park Street N., St. Petersburg, has returned to the market. Sears purchased the 10.97-acre property from Tampa & Gulf Coast Railroad Company in 1968, on the condition that a warehouse with a minimum of 125,000 square feet be constructed and completed within one year.

In 2019, the property was purchased for $4.6 million by Transformco, a privately held Illinois company that acquired the assets of Sears Holding Corporation that same year. American Freight occupied the space until it was purchased for $4.1 million two years later by Panda Kitchen and Bath, a Florida-based home remodeling firm.

Following the closing, Kelan Wang, a manager at Panda’s Tampa retail store, told the St. Pete Catalyst that renovations of the warehouse space would be completed in a couple of months and between 20 and 40 new employees would be hired. 

The former outlet store, now listed for $15.25 million, still sits vacant.

The total heated square feet are divided between a one-story, 115,100 square-foot warehouse area; a two-story, 33,000 square-foot showroom and office; and a detached 1,600 square-foot former Sears auto center.  A 12,028 square-foot loading dock provides six bay doors, 20 loading positions and a forklift ramp. A smaller under canopy platform includes two bay doors and another forklift ramp, and a 4,587 square-foot customer loading dock offers one bay door with five loading positions.

The property is under the jurisdiction of the City of Seminole and is zoned Commercial General with a future land use designation of Commercial Limited. Potential opportunities include a large retail center, warehousing and distribution, a mixed use development or a multi-family project under Florida’s Live Local Act – allowing for a building height of up to 65 feet, with 24 units per acre.

The listing is provided by James Wheeler with Charles Rutenberg Realty.

502 Creekside Ct., Safety Harbor. Photo: Realtor.com.

Home for sale in Safety Harbor’s Creekside community

One of 10 homes in the gated Creekside community of Safety Harbor has hit the market with a list price of $1.325 million.

502 Creekside Court is a one-story, 2,910 heated square-foot residence with four bedrooms and three baths. It is situated on a 1.16-acre parcel, seven blocks from downtown Safety Harbor.

Inside is a three-way split floor plan, including a private in-law suite with its own entrance. A spacious family room and a formal dining room share a double-side fireplace. The open-concept chef’s kitchen is equipped with stainless steel appliances, a gas range and a breakfast nook.

Outside is a screened-in heated saltwater pool surrounded by a paver deck and a covered lanai outfitted with plumbing for an outdoor kitchen.

Highlights include an indoor laundry room, a three-car garage, hurricane shutters and a deep well for irrigation.

The seller, represented by Patricia Dykstra with Coldwell Banker Realty, purchased the home in 2023 for $1.25 million.

1301-1551 Missouri Avenue N., Largo. Photo: LoopNet.com.

Two Shops at Midway properties change ownership

Ben Mallah, CEO of Largo’s Equity Management Partners, Inc., under the registered name Shops at Midway LLC, closed May 16 on the sale of two Shops at Midway properties in Largo for $10.65 million. 

1301-1551 Missouri Avenue N. is a four-building property situated on a 6.83-acre parcel of land. Completed in 1958, together they provide a total of 74,838 heated square feet. 1301 Missouri Avenue N. is a 23,766 heated square-foot structure occupied by T.J. Maxx. 1401 Missouri Avenue N. is a 26,128 heated square-foot building occupied by Ross. 1511 Missouri Avenue N. is a 13,244 heated square-foot building occupied by Aaron’s. 1551 Missouri Avenue N. is a 11,700 heated square-foot structure occupied by Dollar Tree.

1581 Missouri Avenue N. is a one-structure parcel built in 2015 with 3,200 heated square feet. It sits on a 0.65-acre plot of land and is occupied by Imagine Orthodontic Studio.

The two properties had originally been listed for sale, along with 1229 Missouri Avenue N., as a package deal for $25.363 million. Occupied by LA Fitness, the 1229 Missouri Avenue N. parcel is still for sale under a separate listing.

The seller, represented by Nathan Timmons with RIPCO Real Estate, purchased the 1301-1551 Missouri Avenue N. property in 2015 for $7.79 million and the 1581 Missouri Avenue N. property for $1.51 million.

The buyers are a group of private investors, each with a 25% interest, under the registered names Shops at Midway on Missouri, LLC, Midway Notis, LLC, Midway Ohio, LLC and Midway Kiki, LLC. They were represented by Trifon Houvardas with Foresight Property Services, LLC.

2 Gulf Blvd., Indian Rocks Beach. Photo: Homes.com.

Indian Rocks Beach Gulf and Intracoastal home lists

A 5,000 square-foot, three-story home at 2 Gulf Blvd. on Indian Rocks Beach has listed for sale with an asking price of $8.8 million. Featuring four bedrooms, four full baths and one half-bath, the three-story property sits on a 0.22-acre lot on the Gulf of Mexico and offers a private dock with Intracoastal access across the street.

The home, completed in 2017, is constructed with superior block materials and suffered no flooding during last year’s storms.

The open floor plan features hardwood and marble flooring; a gourmet kitchen with Viking, Sub-Zero and Bosch appliances; an office; a master suite with a morning bar and spa-like bath; and guest suites with their own ensuite baths.

On the ground level is a 1,709 square-foot garage, large enough for five vehicles, a golf cart and storage. An elevator connects all three floors. Outdoors is an in-ground, heated pool and 100 feet of waterfrontage.

The seller, represented by Natalie Scott with Compass Real Estate, purchased the newly built home in 2017 for $3.84 million.

5325 140th Avenue N., Clearwater. Photo: Realnex.com.

Clearwater industrial warehouse for sale or lease

A 25,500 square-foot warehouse/showroom/office space at 5325 140^th Avenue N., Clearwater has listed for sale or lease for an undisclosed amount.

Built in 1986, the one-story concrete block and insulated metal structure is divided into a 19,200 square-foot clear-span warehouse with 13 to 16-foot ceilings, and 6,300 square feet of office and showroom space. The facility is fully sprinklered with 10, 10’x10’ grade-level loading doors and room to add dock wells.

The 4.96-acre site is mostly paved with two ways in and out and a drive-around capability. It features an abundant amount of parking and excess land for secure outside storage. Pinellas County is the owner of the property.

The listing is provided by Deron Thomas, Tyler Thomas and Kyle Harris with Industrial Realty Solutions, Inc.

308 Grove Street N., St. Petersburg. Photo: Realtor.com.

 Mirror Lake multi-family sells

A 12-unit property located at 308 Grove Street N., in the Mirror Lake area of downtown St. Petersburg, sold May 21 for $2.3 million, $200,000 below the list price.

The two-story structure was built in 1901 and sits on a 0.11-acre plot of land just off Mirror Lake. It provides a mix of seven studio, two one-bedroom and three two-bedroom apartments across 7,252 heated square feet.

Highlights include on-site laundry, wood floors, fresh paint, updated units and a no-flood zone location.

The seller purchased the property in 2020 for $1.25 million. The listing was provided by Adam Yore with Re/Max Preferred. Safwat Hanna with Trinity Realty represented the purchaser.

Real estate agents: Please forward all news for Places This Week to Amy Kagan at amy@stpetecatalyst.com. Thanks!