$1,350,000

Description

*Do Not Disturb Tenants* Positioned in the heart of Corey Avenue, this boutique retail property offers a rare opportunity to acquire a stabilized, walkable street-retail asset in one of St. Pete Beach’s most recognizable commercial districts. Corey Avenue serves as a central gathering point for both residents and visitors, with a strong mix of restaurants, shops, and neighborhood-serving businesses. The property benefits from consistent pedestrian activity driven by its walkable layout, proximity to the beach, and recurring community events. The Corey Avenue Sunday Market is a key driver of weekly foot traffic, bringing a steady flow of visitors directly into the corridor and supporting surrounding retail performance. The nearby Beach Theatre further enhances the area’s identity as a destination-oriented district. The building is leased to Vaughn Law and Elizabeth’s Boutique, providing a complementary tenant mix that adds stability to the income stream. Vaughn Law benefits from prominent signage and visibility along the corridor, while the plaza on Elizabeth’s Boutique lends to the experiential character of Corey Avenue. The site includes rear parking, offering practical functionality for tenants and visitors. The layout allows for efficient use of the space and supports tenant operations in a market where parking is limited and highly valued. Tenants are well-established and comfortable in the space, contributing to the overall stability of the property. Over time, the asset presents the opportunity for rental growth as the corridor continues to strengthen and surrounding investment increases. Corey Avenue is located within the City’s Town Center zoning district, which is intended to support walkable retail, dining, and mixed-use development. Ongoing planning efforts and nearby redevelopment activity, including proposed projects within the Corey Avenue district, continue to reinforce the long-term viability and growth of the area. This offering presents a balanced investment profile with stable income today and the potential for future appreciation in a highly constrained beach retail market. All information regarding zoning, land use, density, height, and development potential is believed to be accurate but has not been independently verified. Any future development or change of use is subject to applicable approvals. Buyer to verify all information. This property is one of several St. Pete Beach assets available for sale. Ownership will consider a combined acquisition, creating a larger coastal position with pricing consideration for a portfolio purchase. Call Jake Wollman for details on the portfolio offering and to schedule a private showing.