Description

The Edge Park Place offering presents a rare off-market redevelopment opportunity in Downtown St. Petersburg, featuring a 4,520-square-foot building situated on an 11,400-square-foot parcel. While the property is highly suited for redevelopment, it also offers the option to retain the existing structure for a prime retail, restaurant, or banking location. The site stands out due to its exceptional address, favorable DC-1 zoning, and several entitlements that are already in place and transferable, making it especially attractive for a potential micro-unit mid-rise development. Originally constructed in 1949 by Florida Power, the building is notably overbuilt with double-thick concrete block walls measuring approximately 16 inches instead of the typical 8 inches. Architecturally, it features an Art Deco façade, two double-door entrances, large floor-to-ceiling retail windows, and interior ceiling heights of approximately 11 feet. The building includes about 4,090 square feet on the main level plus a 430-square-foot basement. The layout begins with a double-door entrance leading into a showroom and front counter area, with private offices to the right. Behind the front area is a large open warehouse space, while two additional offices or storage areas sit to the left. A stairwell to the basement is located in the southeast corner, and there is also a loft space above the ceiling line with potential for creative use. The property further benefits from approximately 30 parking spaces, equating to an unusually high ratio of 7.5 spaces per 1,000 square feet. With DC-1 zoning allowing a 3.0 FAR by right, up to 5.0 FAR bonus without a public hearing, and up to 7.0 FAR with a public hearing, as well as building heights beginning at 125 feet and potentially reaching up to 200 feet with approvals, the site offers substantial flexibility and development potential in one of the city’s most desirable urban corridors.