2300 Dr Martin Luther King Jr Street S, St Petersburg, FL 33705

$1,200,000
6,406
SqFt
List Price
$1,200,000
Status
Active
Days on Market
65
MLS#
T3405258
Property Style
Retail
Year Built
1954
Living Area
6,406
Lot Size
20,000
Acres
0.47
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
Welshs Lakeview
MLS Area Major
St Pete

Property Description

Pleased to offer this 20,500 sf Redevelopment Site directly on Dr. Martin Luther King St. in Saint Petersburg: 2 Freestanding commercial buildings for sale with great visibility. These two adjacent properties are located on South Dr. Martin Luther King Jr. with great road exposure and plenty of possibilities ideal for any retail, restaurant or office use. These 2 parcels sit on a highly visible 20,500 sf lot boasting one block constructed 3,412 SF freestanding office building and one block constructed 2,994 SF freestanding retail building. There is onsite parking, the property is fenced and secured. Zoned CG, the property is ideal for a variety of commercial uses. The properties are in close proximity to numerous restaurants, retail establishments and schools and can be used as a Retail Storefront, Neighborhood Tavern, Lounge, Restaurant, Gallery, Café, food truck location, Office and Countless other types of similar businesses. The potential is unlimited- a Neighborhood Grocery Store or Community Center would flourish here as well! Purchase this redevelopment site and be part of the amazing growth that is happening in Saint Petersburg :: Future development of the area is allowing for numerous retail and office opportunities to be built up and down this heavily travelled corridor :: Current traffic counts exceed 15,700 VTD pass this location! Call Today for Your Showing! INVESTMENT HIGHLIGHTS AMAZING frontage, visibility and access Direct Dr. Martin Luther King Jr Street frontage Quick access to and from Tampa, St. Petersburg beaches, Downtown Ideal for owner/user or developer creative conversion Situated in a rapid growth area Highest and best use: Redevelopment, Retail or Professional Office Strong surrounding population of 99,660 residents within 3 miles of the property Fantastic value-add potential Average HH Income Exceeds $52,000 within 3-Mile Radius Surrounding neighborhood businesses include: Meat house, Badcock Furniture, Mair’s Grocery, Rjax Foodmart The area is exploding with new commercial development and residential growth OPPORTUNITY ZONED QUALIFIED- providing long-term tax benefits to the developer/investors

Additional Information

Taxes Annual
$2480
Community Features
No Deed Restriction
Zoning
COMMERCIAL
Air Conditioning
Central Air
Exterior Construction
Block
Foundation
Slab
Pool
No Pool
Flood Zone Code
A V
Parcel ID
31-31-17-95976-001-0210
Legal Description
WELSH'S LAKEVIEW BLK A, LOT 21

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Listing courtesy of FLORIDA COMMERCIAL GROUP.

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