St Petersburg, FL 33701,DR MARTIN LUTHER KING JR ST S
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St Petersburg, FL 33701,DR MARTIN LUTHER KING JR ST S
St Petersburg, FL 33701,DR MARTIN LUTHER KING JR ST S
St Petersburg, FL 33701,DR MARTIN LUTHER KING JR ST S
St Petersburg, FL 33701,DR MARTIN LUTHER KING JR ST S

$1,275,000

Est. payment /mo

$1,300,000

1.9%
Est.Price: ?

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DR MARTIN LUTHER KING JR ST S St Petersburg, FL 33701

0.8 Acres Lot

SOLD DATE : 05/25/2023

Key Details

Sold Price $1,275,000

Property Type Vacant Land

Sub Type Unimproved

Listing Status Sold

Purchase Type For Sale

Subdivision Grahams T W Sub

MLS Listing ID U8194050

Sold Date 05/25/23

HOA Y/N No

Originating Board Stellar MLS

Annual Tax Amount $2,434

Lot Size 0.800 Acres

Acres 0.8

Lot Dimensions 250x140

Property Description

More than three-quarters of an acre (250 feet x 140 feet per survey) of CCT-1 zoned land in Historic Roser Park, a distinctive district that is listed on the National Register. The famed, tree-lined neighborhood of bricked streets over rolling hills offers an eclectic mix of American architectural-styled homes. The property is not in a flood zone and is close to Downtown St. Petersburg, hospitals, colleges, an airport, lively arts, The St. Pete Pier and so much more. The once-in-a-generation 86-acre Tropicana Field redevelopment project is planned just a few blocks north. The savvy investor gets a 3-parcel land assemblage located in an Opportunity Zone and potentially other incentive packages, including the Affordable Multifamily Housing Development Program, Pinellas County Employment Sites Program, and others. The buyer can build up to 19 townhomes (see renderings). Other approved uses on this site include a Hotel, Office (General or Medical), Restaurant and Bar, Mixed Use, School, Nursing Home, Funeral Home, House of Worship – even an Indoor Recreation Facility (pickleball courts, swimming pools, amusement park or similar endeavors). An arborist report was conducted, and trees can be removed with a permit. The sellers, who have done extensive planning for this site, would entertain a joint venture development with experienced and qualified partners.

Location

State FL

County Pinellas

Community Grahams T W Sub

Zoning CCT-1

Direction S

Exterior

Utilities Available Electricity Available, Sewer Available, Water Available

Building

Lot Description Buildable, Corner Lot, Historic District, City Limits, Level

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Others

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by BRIDGEWATER COMMERCIAL RE
Bought with PREMIER SOTHEBYS INTL REALTY

Michael Wyckoff

Broker | License ID: 3006024

+1(727) 642-6621

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