Exceptional fully leased mixed-use fee simple townhome located in the heart of Historic Kenwood and the vibrant Grand Central District. Positioned directly on Central Avenue with valuable commercial frontage, this unique three-story asset offers both commercial and residential income streams in one of St. Petersburg's most sought-after urban corridors. Situated in desirable Flood Zone X, the property benefits from elevated construction with no lender-required flood insurance. Offering approximately 2,400+ square feet, the property features impact-rated windows, luxury finishes throughout, and an attached one-car garage. The commercial storefront enjoys excellent visibility and strong pedestrian exposure along Central Avenue, while the residential component offers 2 bedrooms and 4.5 bathrooms and is currently leased, providing immediate income potential. Surrounded by award-winning restaurants, breweries, galleries, boutiques, and local businesses, this rare investment opportunity combines stable cash flow, exceptional location, and long-term upside in one of Tampa Bay's most dynamic neighborhoods. A truly one-of-a-kind opportunity to own an income-producing mixed-use asset in the center of St. Petersburg's continued growth and renaissance.