FLORIDA HEIGHTS 9TH

2821 DR MARTIN LUTHER KING JR ST N St Petersburg, FL 33704

St Petersburg
FOR SALE
Property Type:
Street Retail
Amount:
$695,000
Last Verified:
May 03, 2024

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Highlights

  • - Off-Market Commercial Site
  • - Florida Opportunity
  • - Tampa Bay Metro
  • - St Petersburg Market
  • - Strategic location on Dr. Mlk St. Jr. North
  • - 2,333 SF building ideal for retail or street retail investment
  • - Built in 1963, offering timeless appeal and character
  • - Versatile layout suitable for a variety of retail ventures
  • - Ample parking to accommodate customer traffic
  • - High visibility and foot traffic in a bustling commercial district
  • - Proximity to major transportation routes for convenient accessibility
  • - Surrounded by a diverse mix of retail and dining establishments
  • - Strong potential for high return on investment in a thriving market

Description

An Un-Expected Extraordinary Find
Off-Market Free Standing Building
"Florida Heights 9th"

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.

LOCATION DESCRIPTION: The location is simply St Pete Superior. The address is on Dr. Martin Luther King JR Street North on the 2800 block at 2821 Dr MLK St North.

Dr. MLK Jr. St. N (formerly known as 9th Street North) is a major north-south Commercial & Residential Corridor. The Street actually runs from Tampa North all the way to the end of the peninsula back to Tampa Bay South.

Nestled in the heart of St. Petersburg's vibrant Florida Heights 9th Corridor abutting Crescent Heights, Woodlawn, Allendale Neighborhoods. The location offers a prime opportunity for retail and street retail investors to establish a presence in the dynamic Tampa Bay Metro market. With its close proximity to bustling corridors and a diverse array of retail, dining, and entertainment options, this area presents an ideal setting for capturing the attention of residents and visitors alike. Notably, the property's strategic location places it within easy reach of iconic destinations such as Tropicana Field, SPDT, The Pier, Beach Drive , and more, providing an exciting prospect for investors looking to leverage the area's thriving commercial landscape and energetic atmosphere.

LOCATION DESCRIPTION: The location is simply St Pete Superior. The address is on Dr. Martin Luther King JR Street North on the 2800 block at 2821 Dr MLK St North.

Dr. MLK Jr. St. N (formerly known as 9th Street North) is a major north-south Commercial & Residential Corridor. The Street actually runs from Tampa North all the way to the end of the peninsula back to Tampa Bay South.

Nestled in the heart of St. Petersburg's vibrant Florida Heights 9th Corridor abutting Crescent Heights, Woodlawn, Allendale Neighborhoods. The location offers a prime opportunity for retail and street retail investors to establish a presence in the dynamic Tampa Bay Metro market. With its close proximity to bustling corridors and a diverse array of retail, dining, and entertainment options, this area presents an ideal setting for capturing the attention of residents and visitors alike. Notably, the property's strategic location places it within easy reach of iconic destinations such as Tropicana Field, SPDT, The Pier, Beach Drive, and more, providing an exciting prospect for investors looking to leverage the area's thriving commercial landscape and energetic atmosphere.


Year Built: 1963
Building Size: 2333sq ft
Lot Size: 0.14 acres

Map of 2821 DR MARTIN LUTHER KING JR ST N, St Petersburg, FL, 33704

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.