Multi-Family•Low-Rise/Garden•For Sale

Downtown St. Petersburg Redevelopment

1441 Dr. Martin Luther King Jr. St. S , Saint Petersburg, Florida 33705

Sale Price $525,000
Sale Type Development
Zoning CRT2
Bldg Type Single Tenant
Class C
Status Existing
Year Built 1925
Stories 2
Gross Bldg 1,560 SqFt
Land Area .61 Acres
Project Size 2
Improvements The property is located at 9th Street/MLK South and Newton Avenue in Midtown St. Petersburg, and is offered as a Mixed Use Development opportunity and sits at 29 foot elevation. Perfect commercial property for mixed use professional offices. retail with apartments above and townhomes to the rear of the property. Ready for immediate development.
Market Tampa/St Petersburg
Sub-Market South Pinellas
Legal Descr LOT:24 DIST:SP CITY/MUNI/TWP:CITY OF ST. PETERSBURG SUBD:FAIR VIEW HEIGHTS SEC/TWN/RNG/MER:SEC 25 TWN 31S RNG 16E FAIRVIEW ESTATES LOTS 25 & 26 & E 50FT OF LOT 24
The Downtown St. Petersburg offering is an incredible re-development opportunity in a CRT-2 Zone in the heart of Pinellas county and just minutes from the bustling hip, historic, and art-deco downtown attractions. Local redevelopment efforts have welcomed many professionals to the area making this location a very desirable location. Plans utilizing the city's "Corridor Residential Traditional Districts" (CRT-2) can be applied for with excellent opportunities for mixed-use, multifamily, retail, restaurant, or professional offices. Multifamily redevelopment is allowable with up to four stories and 18 units for workforce housing or 15 units for non-workforce housing. Additionally, this property has the potential to offer dynamic views of Saint Petersburg and the Bay. This redevelopment offering has 138 feet of frontage on a main thoroughfare with .61 acres on a corner lot just blocks from the desirable Historic Roser Park. Roughly ten blocks from John Hopkins Children's Medical Complex, and on the outskirts of downtown Saint Petersburg with excellent access to and from interstates and downtown attracttions. For more information about this property and the "Corridor Residential Traditional Districts" (CRT) please inquire. Developments are intended to encourage the development of townhomes, condominiums, apartment buildings, and mixed-use buildings in the area while being appropriately scaled to the context of the surrounding architecture and to facilitate conversion of any remaining single-family homes into limited retail uses or offices. Excellent Redevelopment Opportunity for Multi-Family in growing CRT-2 District. The MLK/Newton Avenue property is located at 9th Street/MLK South and Newton Avenue in Midtown St. Petersburg, just blocks from the desirable and booming Roser Park Historical District. Suitable for multifamily use.
  • Excellent Visibility
  • Corner Lot
  • In City Limits
  • Potential Views with Low Rise Redevelopment
  • Close Proximiti to Historic Roser Park

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MLK Sale O.M.

1/15/2020 4:47:33 PM 6/30/2020 9:43:50 PM

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