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

$1,599,000
4,413
SqFt

Property Description

Level up your investment portfolio game with this versatile mixed use property in the heart of Downtown St. Petersburg, FL This well maintained 5,190 SF building consists of a large open floor plan retail/office space on the first floor including two bathrooms. The second floor consists of a residential space with 4 four bedrooms, 1 full bathroom and a half bath, large living room and kitchen (currently tenant occupied). Property conveys a total of 3 lots (.40 Acres). Zoning allows developers to build up to 4 floors that could provide water views of the bay. Perfect property for an investor/developer to renovate or build a new multi-family development. Featuring a newer TPO roof , fenced outside storage, walking distance to St. Petersburg nightlife, arts, restaurants and popular shops along Central Avenue and Beach Drive. Easy access to the interstate and a 40 minute drive to Tampa International Airport. With St. Petersburg redevelopment pushing southward and incentives for investors/developers to construct affordable housing this property has massive investment added value upside! Call to schedule your personal showing now.

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Listing courtesy of KELLER WILLIAMS ST PETE REALTY.