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811 Dr Martin Luther King Jr Street S, ST PETERSBURG, FL 33705
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  • MLS#: TB8308919 ( Commercial Sale )
  • Street Address: 811 Dr Martin Luther King Jr Street S
  • Viewed: 52
  • Price: $999,999
  • Price sqft: $817
  • Waterfront: No
  • Year Built: 1970
  • Bldg sqft: 1224
  • Days On Market: 190
Description
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 citys 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 throughout the 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.
Description
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 citys 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 throughout the 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.
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  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Ceramic Tile
  • Living Area: 766.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Cooling: Ductless
  • Heating: Heat Pump
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2023
Other Features
  • Country: US
  • Legal Description: GROVE HEIGHTS REV LOTS 1 AND 2
  • Area Major: 33705 - St Pete
  • Occupant Type: Owner
  • Parcel Number: 25-31-16-33804-000-0010
  • Views: 52
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Contact Info

Headshot for Associate Frank Filippelli
  1. Frank Filippelli, Broker,CDPE,CRS,REALTOR ®
  2. Southern Realty Ent. Inc.
  3. Quality Service for Quality Clients
  4. Mobile: 407.448.1042
  5. frank4074481042@gmail.com