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923 Dr. Martin Luther King Jr St S

5,190 SF Vacant Retail Building Saint Petersburg, FL 33705 £1,271,672 (£245/SF)

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INVESTMENT HIGHLIGHTS

Versatile Mixed-Use (residential and retail) property. Entire building can be converted into multi-family units.
Walking distance to restaurants and St. Petersburg night life.

City of St. Petersburg undergoing massive redevelopment in the area.
Already existing multi-family units on the top floor.

EXECUTIVE SUMMARY

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. Zoning allows the conversion of the first floor into multi-family units or dorm-style housing. Ideally located in close proximity to the local college. The property could have a laundry facility put into the first floor as well.

PROPERTY FACTS

Sale Type

Investment or Owner User

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

5,190 SF

Building Class

Year Built

1955

Price

£1,271,672

Price Per SF

£245

Percent Leased

Vacant

Tenancy

Multiple

Number of Floors

Building FAR

0.30

Lot Size

0.40 AC

Opportunity Zone

Yes

Zoning

CCT1 - Mixed use, Multi-Family, Retail

Parking

2.89 Spaces per 1,000 SF Leased

Frontage

68 ft on Doctor Martin Luther King

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
POSITION
AVAILABLE

1st Floor
3,854 SF
Retail
-
Now

1/6

923 Dr. Martin Luther King Jr St S, Saint Petersburg, FL for sale Building Photo- Image 1 of 6 — Building Photo

923 Dr. Martin Luther King Jr St S, Saint Petersburg, FL for sale Building Photo- Image 2 of 6 — Building Photo

923 Dr. Martin Luther King Jr St S, Saint Petersburg, FL for sale Building Photo- Image 3 of 6 — Building Photo

923 Dr. Martin Luther King Jr St S, Saint Petersburg, FL for sale Building Photo- Image 4 of 6 — Building Photo

923 Dr. Martin Luther King Jr St S, Saint Petersburg, FL for sale Building Photo- Image 5 of 6 — Building Photo

923 Dr. Martin Luther King Jr St S, Saint Petersburg, FL for sale Interior Photo- Image 6 of 6 — Interior Photo

Bring your roofing, contractor yard, plumbing and electrician business concept here to Downtown. This well maintained property boast 3,854 SF of a large open floor plan, perfect for retail or office space on the first floor including two private bathrooms. Also a perfect property for insurance, real estate/ title company, medical office, medical lab, professional office, retail store, smoke shop, medical marijuana dispensary, neighborhood grocery and a multitude of other uses. Solid concrete block property conveys plenty of parking in the rear for tenant clientele. Rent is reasonably price for quick tenant occupancy. Run to the phone and call to schedule your personal showing today!