It’s been a busy several days for commercial property deals.
The former Melting Pot property on 4th Street North sold for just under the asking price. A nearly 100-year-old downtown St. Petersburg office building traded hands. Pulte Homes bought land in Clearwater for a new home development. A logistics facility is under construction in Pinellas Park.
Here’s this week’s local real estate roundup.
Mad Beach Brewing
John’s Pass Enterprises LLC paid $1.425 million for the former Melting Pot property at 2221 4th St. N. on March 30, according to Pinellas County property records. The buyer is associated with Mad Beach Craft Brewing Management Co. LLC, which plans a full brewery and restaurant at the site, as the St. Pete Catalyst previously reported. The asking price was $1.6 million.
4th Street retail
Two small retail centers on 4th Street traded hands. A private investor in Clearwater bought a 3,442-square-foot strip center at 8435 4th St. N. for $1.3 million on March 29. A 10.172-square-foot retail center at 1201 4th St. S. sold on March 25 for $1.078 million. The buyer of that property was a newly formed limited liability company, 1201 4th St. S. Partners LLC.
An office building on 8th Street North in downtown St. Pete sold for $2.25 million on March 19. The four-story, 13,980-square-foot building at 15 8th St. N. was constructed in 1925, the Pinellas County property appraiser’s office said. The buyer, CRDV St. Petersburg, is associated with an Ohio-based company that has opened several co-working spaces.
A high-traffic corner on Central Avenue in west St. Petersburg has a new owner. Angelfish Real Estate in Brandon bought the property at 5800 Central Ave. for $2.99 million on March 31, a deed filed in Pinellas County shows. There’s a 2,190 square foot gas station and convenience store on the site. The sale also included a gas station at 825 49th St. N., according to the deed.
Pulte Homes, one of the nation’s largest home builders, bought 25 parcels of vacant land in the 2900 block of Pier Pointe Lane in Clearwater for $2.875 million on March 25. Pulte plans a “boutique community” on the site, with new homes starting in the upper $300s, with three to five bedrooms, two-and-a-half to four bathrooms and two-car garages, according to the company’s website.
A newly constructed home on Snell Isle sold for $5.58 million on March 24. The 4,000-square-foot home at 323 Cordova Blvd. NE has four bedrooms and four bathrooms and was built in 2020, according to Zillow.
There’s more detail emerging about a deal that closed in late 2020. Orlando-based Tavistock Development Co. is building a 100,000-square-foot, state-of-the-art logistics facility in the Gateway Centre Business Park in Pinellas Park. The tenant is identified as a “leading e-commerce company” and the project will create 200 or more full-time jobs, said Nancy Surak, senior land advisor and managing broker for Land Advisors Organization Tampa Bay. Surak arranged the sale of the 12-acre parcel at Gateway Centre Parkway and MCI Drive on behalf of the seller, Huntley Properties LLC. Tavistock bought the land Dec. 21 for $2.825 million.