423 Corey Ave, St Pete Beach, FL 33706

423 Corey Ave - a remarkable Historic Corey Avenue Town Center Building located in the vibrant heart of St. Pete Beach, Florida. This property is a fantastic opportunity for both investors and business owners looking for versatility. Currently there is a list of potential tenants that are wanting to lease the spaces. This building is situated between the Gulf of Mexico and Boca Ciega Bay with prime storefront space in the Corey Avenue Shopping District. The space offers three commercial units along with a 2-bedroom, 1-bathroom coastal cottage residence on the upper floor, totaling over 3,400 square feet for potential rental income or a combined business and living space. Total configuration includes 4 spaces, 4 bathrooms, a laundry room and storage, 4 separate meters, and a courtyard. All commercial spaces have two exit doors. The three commercial units (429, 425, 423 Corey) have previously been used for various purposes, such as boutiques, specialty shops, craft and jewelry stores, clothing boutiques, and unique gift shops. You can also envision these spaces as a nail salon, souvenir shop, food truck potential, café/bakery, as shown in the virtually staged photos. Corey Avenue itself is home to a diverse range of restaurants serving breakfast, brunch, lunch, and dinner, catering to all tastes, from casual dining to fine cuisine. Many of these eateries offer outdoor 'pet-friendly' dining options. Corey Avenue has been a thriving hub at the heart of St. Pete Beach for over six decades, attracting visitors from all corners of the globe who return year after year for its welcoming atmosphere, excellent sales, and exciting events. The Corey Avenue Business Association hosts a variety of enjoyable events year-round, including parades, wine tastings, arts and crafts festivals, and a Sunday Morning Market from October through May, featuring up to 80 vendors offering fresh food, organic produce, handcrafted items, and live music. This prime location presents a lucrative opportunity to establish or expand your business in a high-traffic area surrounded by successful retail establishments. The building, with 3,500 square feet of space, comprises three separate units and an upstairs apartment. With some modifications, it can be tailored to your needs, whether by retaining the existing layout or creating a single, spacious area. The owner has plans for an upstairs deck in the apartment. There is a carport in the back alley as part of the lot that can accommodate an additional 6-plus vehicles. This property features a storefront with a high volume of foot traffic in a well-preserved historic beach shopping center, making it an ideal choice for any retail business seeking maximum exposure and foot traffic. It is vacant and ready for immediate use, providing an excellent opportunity for business expansion or startup. Customers have convenient access and ample parking in front, and there is also room for displays/ signage on the 0.11-acre lot. 423 Corey Avenue building is unique in that it has a second-story 2 bedroom 1 bathroom apartment. (427 Corey) where other businesses along Corey Ave do not have this residential unit. The recent 2023 updates include a new roof, HVAC and ducting, restoring hardwoods and removing old tile/carpet, cleanup of landscaping, new stainless steel appliances, and new paint inside and exterior. The property falls within the Town-Center-1 Core District, serving as the government and business hub of the city, and designed to support medium to high-intensity land uses. This district fosters a pedestrian-friendly environment, allowing for residential uses, albeit as part of a mixed-use development, and not residential on the ground level of the structure. Permitted uses in the TC-1 Town Center Core District include financial institutions with drive-through services, government buildings, office spaces, personal services like beauty salons, nail salons, spas, pet grooming, dry-cleaning services, various types of eateries, retail stores (excluding automotive, pawn, liquor, and tobacco shops), theaters, indoor commercial entertainment facilities, art studios, galleries, grocery stores, pharmacies, commercial kitchens, rental sales of bikes, mopeds, segways, scooters, and similar commercial activities. Seize this extraordinary chance to secure a coveted retail space in the heart of Corey Ave, St. Pete Beach! To embark on this exhilarating journey, please schedule a viewing appointment with Pam Moll at 727.295.7776 or [email protected]. Your adventure begins here!
HIGHLIGHTS
Heavy traffic and visibility
Unique space with a variety of uses.
High-income demographic with potential hub for tourism, retail and personal services
Excellent Signage
Includes a residence.
4 electrical Meters.
Laundry Room
Courtyard
Carport, Alley parking for Employees
Frontage Curb Free parking for customers
INVESTMENT HIGHLIGHTS
Only Street-Retail building for Sale on Corey Avenue for many years
Live/Work Opportunity or Solid Investment/Income Property
Located in the Town Center Downtown Community Area of St Pete Beach, FL