2821 Dr. Martin Luther King Jr St N
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2821 Dr. Martin Luther King Jr St N
2,333 SF Retail Building Saint Petersburg, FL 33704 $695,000 ($298/SF)
Investment Highlights
- Versatile layout suitable for a variety of retail ventures
- Surrounded by a diverse mix of retail and dining establishments
- Strong potential for high return on investment in a thriving market
- High visibility and foot traffic in a bustling commercial district
- Proximity to major transportation routes for convenient accessibility
Executive Summary
Discover an exceptional off-market investment opportunity at 2821 DR MARTIN LUTHER KING JR ST N, St Petersburg, FL, 33704. This striking 2,333 SF building is ideally situated in the sought-after Tampa Bay Metro area, making it a prime location for retail and street retail investors. Boasting ample space, excellent visibility, and high foot traffic, this property offers the perfect setting to establish a thriving retail presence. Don't miss the chance to capitalize on this attractive property in a burgeoning market. The Offering details are a 2,333 SF retail structure on a 6,464 SF land mass. The building sits in the front of the lot right on the street. The retail exposure is exceptional. The front of the building has two roll-ups that open up to an extra-wide sidewalk cafe. The front of the building also hosts a rare prized giant sign. The Interior of the building is 80 percent an open space but does have two enclosed rooms. There is another roll-up in the rear facing the back parking lending itself to a possible outside dining terrace. The zoning CCT-1 is very generous allowing almost unlimited uses. The site has been retail for most of its life, I remember the fruit stand there in 1969. It appears the building could be any variety of retail such as restaurants/cafes, boutiques, gift shops, galleries, and more. The property could also be used as a salon, spa, or wellness center. General office, medical, and financial are also possibilities. The space could also be used as a warehouse such as a showroom or storage.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,333 SF
Building Class
C
Year Built
1963
Price
$695,000
Price Per SF
$298
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.14 AC
Zoning
CCT-1 - Corridor Commercial Traditional
Parking
12 Spaces (5.14 Spaces per 1,000 SF Leased)
Frontage
54 FT on Dr. Martin Luther King Jr
Amenities
- Bus Line
- Fenced Lot
- Storage Space
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 07-31-17-28332-000-0030 | Improvements Assessment | $51,274 |
Land Assessment | $163,726 | Total Assessment | $215,000 |
PROPERTY TAXES
Parcel Number
07-31-17-28332-000-0030
Land Assessment
$163,726
Improvements Assessment
$51,274
Total Assessment
$215,000
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2821 Dr. Martin Luther King Jr St N
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