3100 22nd Avenue (St. Petersburg, FL)_Property for Sale

3100 22nd Ave N, Saint Petersburg, FL, 33713, US

3100 22nd Avenue (St. Petersburg, FL)

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire 3100 22nd Avenue (the “Property” or “Site”), a ±8.95-acre development site located within minutes of vibrant Downtown St. Petersburg. Currently, an occupied retail box with tenants on month-to-month leases and landlord termination options, the Property is eligible to benefit from the recently enacted Live Local Act, which will allow a developer to re-zone the Property for up to 600 units and garner significant property tax savings. Ideally situated between I-275 and US-19 on the corner of 22nd Avenue and 32nd Street, the Site is within immediate proximity of the Tampa Bay MSA top retail, entertainment, and employment destinations. The Site sits adjacent to numerous shopping destinations including Publix, Winn Dixie, ALDI, and Starbucks, and within 15 minutes of both the Gateway Office Market (114,000 employees) and Florida’s world-famous beaches. Located in the heart of Pinellas County, Florida’s most densely populated county, the Site represents a rare opportunity to deliver a residential project of significant scale in an in-fill, supply-constrained area at the epicenter of one of the country’s most dynamic markets.

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Attributes

Land area gross

3.62 ha

Media

Investment highlights

Rare In-Fill Development Opportunity

Ranking as Florida’s most densely populated county, few large-scale development sites are available within Pinellas County as evidenced by the fact that only 625 units have delivered in the City of St. Petersburg outside of the urban core since 2010. The site sits along the US-19/34th St. Corridor, a prime commercial corridor that offers convenient connectivity across Pinellas County and the entire west coast of Florida. Within just a third of a mile of the Site are three grocery stores, a Sam’s Club, and Mazarro’s Italian Market, recently ranked the #4 best place to eat in all of Tampa Bay by Yelp.

Strong Economic Core

St. Petersburg boasts strong economic fundamentals due to its growing job market across diverse industries, including healthcare, technology, finance, manufacturing, and creative sectors. The city’s business-friendly environment, with incentives and streamlined processes, encourages enterprise growth. The thriving tourism industry stimulates businesses and job creation and is complemented by a skilled talent pool fed by its exceptional higher education institutions. Infrastructure investments, coupled with a high quality of life featuring a pleasant climate and recreational opportunities, further attract businesses, residents, and visitors to fuel economic development.

Strategic and Convenient Location

The Site occupies an excellent location near numerous “recession-proof” anchors that support constant demand, including hospitals, universities, retail, and recreation. 3100 22nd Avenue is within a 5-minute drive to I-275 and within a 10-minute drive of the Gateway Business District, the MSA’s largest employment hub, home to over 114,000 employees. Positioned right outside of Downtown St. Petersburg, the Site’s location provides direct access to Central Avenue, the city’s premier dining and night life destination, with countless bars, restaurants, and entertainment venues. Additionally, 3100 22^nd Avenue sits within a 15-minute drive from St. Pete Beach and just 20 minutes from Tampa, which is home to a plethora of employment, shopping, entertainment, and higher education demand drivers.