Property Description

Located along Blind Pass Road, the primary commercial corridor of St. Pete Beach, this freestanding retail property offers a rare opportunity to acquire a well-positioned asset with in-place income, strong frontage, and meaningful future upside. Blind Pass serves as the main gateway between St. Petersburg and the Gulf beaches, carrying consistent daily traffic estimated at approximately 15,000 vehicles per day, along with steady year-round tourism.Often considered the closest equivalent to a 'downtown district within St. Pete Beach, this corridor has emerged as a central hub for dining, neighborhood retail, and service-based businesses. The property is surrounded by a mix of local operators, national retailers, and nearby residential density, supporting both daytime and evening activity.The offering includes a fully leased retail building occupied by established food and beverage tenants, providing stable in-place cash flow. This stretch of Blind Pass is a proven restaurant and hospitality corridor, with strong demand for experiential retail and dining concepts.A key differentiator is the adjacent cleared rear parcel, which may provide flexibility for additional parking, outdoor seating, or expanded operations. Currently zoned residential, over time, this rear lot presents potential for additional vertical development or mixed-use expansion, subject to city approvals. The parcel can be included in the purchase or sold separately for $300,000.The site benefits from strong frontage, depth, and functional parking characteristics, which are critical advantages in a supply-constrained beach market where parking and visibility directly impact tenant performance.The property is also positioned near planned redevelopment activity, including the Cory Landing project, which is expected to further enhance the corridor's long-term growth and investment profile.Following recent storm events, the property has demonstrated resiliency and remains a strong candidate for investors seeking durable income with future upside. With a combination of location, cash flow, and development optionality, this offering represents a compelling opportunity within one of the most tightly held coastal markets in Florida.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.