811 Dr. Martin Luther King Jr St S - Fast Food FOR SALE


Saint Petersburg, FL 33705- Midtown St Petersburg
$999,999 USD
727-244-0442
811 Dr. Martin Luther King Jr St S, Saint Petersburg, FL for Sale
$999,999 USD
Fast Food - FOR SALE
1/13
null | Request Cap Rate

811 Dr. Martin Luther King Jr St S
Saint Petersburg, FL 33705
Midtown St Petersburg


HIGHLIGHTS

  • Turnkey high income producing restaurant property
  • Popular neighborhood take out restaurant with repeat clientele
  • Road frontage on busy MLK Jr. St. S.

OVERVIEW

Offered is a walk-up/drive-through restaurant on a .39 acre parcel with alley access located in a mixed-use/commercial zoning district which allows for a wide variety of uses. Well-suited as a prime redevelopment opportunity, zoning codes allow for up to 11 residential units to be developed on the parcel when including bonuses. As is, the opportunity also has great potential to continue to be used as a restaurant. The parking lot can accommodate about 15 cars or more, although one portion is not striped. The property is walking distance to Orlando Health Bayfront Hospital as well as Johns Hopkins All Childrens’ Hospital. Downtown St. Petersburg is just minutes away by car. The adjacent Booker Creek and the Roser Park neighborhood are beautiful, and nearby public amenities include the city’s renown skate park at Campbell Park. The parcel is situated on Dr. Martin Luther King Jr. St S, a minor arterial road which sees 15,500 cars per day (AADT, source: FDOT). The property is served by Pinellas Suncoast Transit Authority routes 7, 14, 20, and 23, including direct service to Gulfport, South Pasadena, Downtown St. Petersburg, Grand Central Station, and Pinellas Point. Access to I-275 is just 3 blocks north, and Tampa International Airport is less than 30 minutes away.

FOR SALE DETAILS

PRICE

$999,999 USD

PRICE/SF

$817 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Convenience Store, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

CCT-1

APN/PARCEL ID

25-31-16-33804-000-0010

ASK ABOUT THIS PROPERTY

Steven HerzfeldKW CommercialMore Info
727-244-0442

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Steven HerzfeldKW CommercialMore Info
727-244-0442

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.