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


Saint Petersburg, FL 33705- Midtown St Petersburg
$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 | 5.87% Cap Rate

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


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.
  • Already existing multi-family units on the top floor.

OVERVIEW

Own a slice of property in revitalized Downtown St. Petersburg! This is an excellent investor play to purchase a property with a tenant in place. This well-maintained 5,190 SF building is being built out with high-end upgrades to the premises' first floor. 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. The property conveys a total of 3 lots (.40 Acres) ideal for extra commercial parking or constructing new income-producing residential units. Also 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! "Fortune favors the bold!" Call to schedule your personal showing today.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

5.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

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.