811 Dr. Martin Luther King Jr St S
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811 Dr. Martin Luther King Jr St S
1,224 SF Retail Building Saint Petersburg, FL 33705 $999,999 ($817/SF)
Investment Highlights
- Turnkey high income producing restaurant property
- Road frontage on busy MLK Jr. St. S.
- Popular neighborhood take out restaurant with repeat clientele
Executive Summary
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 city’s 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 cars per 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.
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 city’s 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 cars per 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.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,224 SF
Building Class
C
Year Built
1970
Price
$999,999
Price Per SF
$817
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
CCT-1 - https://library.municode.com/fl/st._petersburg/codes/code_of_ordinances?nodeId=PTIISTPECO_CH16LADERE_S16.20.080COCOTRDICC
Parking
15 Spaces (12.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Crab House
- Retailer
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Crab House | Retailer | - | - | - |
Bike Score ®
Very Bikeable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 25-31-16-33804-000-0010 | Improvements Assessment | $83,487 |
| Land Assessment | $171,513 | Total Assessment | $255,000 |
PROPERTY TAXES
Parcel Number
25-31-16-33804-000-0010
Land Assessment
$171,513
Improvements Assessment
$83,487
Total Assessment
$255,000
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811 Dr. Martin Luther King Jr St S
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