923 Dr. Martin Luther King Jr St S - Storefront Retail/Residential FOR SALE


Saint Petersburg, FL 33705
$1,599,000 USD
727-612-8068
923 Dr. Martin Luther King Jr St S, Saint Petersburg, FL for Sale
$1,599,000 USD
Storefront Retail/Residential - FOR SALE
1/25
null | Request Cap Rate

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


HIGHLIGHTS

  • Versatile Mixed-Use (residential and retail) property. Entire building can be converted into multi-family units.
  • City of St. Petersburg undergoing massive redevelopment in the area.
  • Walking distance to restaurants and St. Petersburg night life.

OVERVIEW

This property is an owner user or investor's dream. Bring your daycare, laundromat, roofing, grocery, convenience store or contractor yard business concept to this exquisite Downtown location. This well-maintained 5,190 SF building has a large open floor plan ideal for retail or office use. The second floor consists of residential space with 4 four bedrooms, 1 full bathroom and a half bath, a large living room, and a full kitchen (currently tenant-occupied). Property conveys a total of 3 lots (.40 Acres). Zoning allows developers to build up to 4 floors that could provide water views of the bay. Perfect property for an investor/developer to renovate or build new multi-family studio units. Featuring a newer TPO roof , fenced outside storage, walking distance to St. Petersburg nightlife, arts, restaurants and popular shops along Central Avenue and Beach Drive. Easy access to the interstate and a 40 minute drive to Tampa International Airport. With St. Petersburg redevelopment pushing southward and incentives for investors/developers to construct affordable housing this property has massive investment added value upside! Call to schedule your personal showing today.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

CCT1

APN/PARCEL ID

25-31-16-00000-110-1100

ASK ABOUT THIS PROPERTY

Ryan MitchellKW CommercialMore Info
727-612-8068

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Ryan MitchellKW CommercialMore Info
727-612-8068

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