Catylist ID:
#30819798
2 Adjacent Commercial Parcels on Dr. MLK Available for Sale!
Vacant Land
for Sale
| Catylist Listing ID: | 30819798 |
| Property Subtypes: | Office, Retail, Retail-Pad, Other |
| Gross Land Area: | 0.47 Acres |
| Sale Price: | $799,000 |
| Unit Price: | $1,700,000 Per Acre |
| In Opportunity Zone? | Yes |
| Sale Terms: | Cash to Seller, Build-to-Suit, Other |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/13/2023 |
Overview / Comments
| Florida Commercial Group is 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 |
Attachments & Media
Additional Details
| Nearest MSA: | Tampa-St. Petersburg-Clearwater |
| County: | Pinellas |
| Tax ID/APN: | 17 31 31 95976 001 0210 |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Ddr Martin Luther King Jr S |
| Traffic/Vehicle Count: | 19,900 |
| Highway Access: | I-275 |
| Airports: | TPA, Clearwater St.Petersburg airport |
| Site Description: | Florida Commercial Group is 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 |
| Lot Frontage: | 145 |
| Lot Depth: | 150 |
| Zoning Description: | Commercial Retail and Office |
| In Flood Plain?: | Yes |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 17,267 | 96,364 | 207,912 |
| Median Age: | 36.83 | 39.68 | 42.46 |
| Households: | 6,322 | 41,560 | 91,407 |
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