2063 Central AveSaint Petersburg, FL

SPACE +/-1,322 SF

ASKING RENT $25 psf NNN

NNN’s +/- $8 psf

POSSESSION Arranged

TERM Negotiable

PROPERTY FLOOR PLAN

Vacant Retail 1,322 SF

Vacant Retail 544 SF

Intuition Salon and Spa

PROPERTY FLOOR PLAN

Cen

tral

Ave

PROPERTY PHOTOS

MARKET OVERVIEW

Population: 256,681

Population Density: 3,964/sq mile

Male/Female Population: 51.8% / 48.2%

Households: 108,815

Total MSA Population: 2,934,941

Median Age: 41.8

Average Household Income: $64,335

Median Household Income: $45,483

One of the 5 Best Summer Travel Destinations (Travel+ Leisure 2016)

One of the Best U.S. Cities to Spend a Weekend (The Thrillist 2016)

#1 Best City for Millennial Job Seekers (NerdWallet 2015)

#1 Town in America for Craft Lovers (American CraftWeek2015)

One ofAmerica’s Most Affordable Metros (Forbes 2014)

#2 Most Beautiful City in the USA (The Culture Trip 2015)

#6 Most Underrated City in the US (BuzzFeed 2015)

Often referred to as “The Sunshine City”, St Petersburg has an average of 361

days of sunshine each year and boasts the Guiness World Record for logging

768 consecutive days with sun. Drawn by the terrific weather and the city’s

growing amenities the St. Petersburg area receives over 6.1 million annual

visitors of which 89% visit as vacationers. Tourists provide over $9.25 billion in

economic impact to the area annually.

Total Visitors Annually 6,197,500

Average Length of Stay 5.6 days

Average Party Size 2.7

Total Annual Visitor Spending $4.65 billion

Total Annual Economic Impact $9.25 billion

Once viewed as a popular retirement destination, due to its good weather and

low cost of living, the city is now shifting towards a millennial population. St.

Petersburg saw a 6% increase in this demographic between 2010 and 2015.

The influx in youth has both attracted and further bolstered St. Petersburg’s art

scene, craft movement, and live-work-play environment.

The St. Petersburg area has issued over $1.3 Billion in new

construction permits in the past four years. In the same time period,

there have been 3,000 residential units delivered or under

construction in the downtown area.

The 40% increase in residential can be largely attributed to the

strong economy in the Tampa-St. Petersburg-Clearwater

Metropolitan Area. The second largest metropolitan area in the state

had an unemployment rate of just 4.3% at the start of 2016, down

nearly a percentage point from the prior year, and below Florida’s

statewide unemployment rate.

Nearly 16,000 businesses reside in St. Petersburg, notably John

Hopkins Health Systems (which is currently expanding their facilities

further), Raymond James Financial, Valpak, University of South

Florida, and the Tampa Bay Rays. St. Petersburg also lays claim to

the largest marine research center in the Southeast.

The Tampa-St. Petersburg-Clearwater Metropolitan Area led all

metro areas in the state of Florida for year-over-year job gains in

education, health services, financial activities, and manufacturing in

2015. It is expected that area employers will expand payrolls by an

additional 38,000 workers during the course of 2016.

MARKET OVERVIEW

The culture of St. Petersburg is infused with art and entertainment. The

downtown encompasses a waterfront city where the temperate climate

encourages a pedestrian lifestyle. A wide array of activities are found

downtown ranging from history and art museums, over 50 independent

galleries, and street art murals to a thriving craft beer scene and live

sporting events.

The Salvador Dali Museum, Chihuly Collection, Morean Arts Center,

Museum of Fine Arts, and others will soon by joined by the Western and

American Indian art collection of Tom James. The museums are also

accompanied by other cultural venues including Jannus Live, American

Stage Theater, Palladium Theatre, the Mahaffey Theater, and The

Coliseum.

The city regularly plays host to outdoor festivals, international events,

and sports games. Events range from the IndyCar Firestone Grand

Prix, which attracts over 120,000 people during race week, to Ribfest,

Mainsail Arts Festival, and the St. Anthony’s Triathlon. The Tampa Bay

Rays (MLB) and Tampa Bay Rowdies (NASL) each have their home

stadiums in downtown St. Petersburg. The Sunshine City is regularly

drawing crowds of visitors with Second Saturday Art Walk, First Friday

Block Party, and the Saturday Morning Market.

MARKET OVERVIEW