1139 DR MARTIN LUTHER KING JR STREET S SAINT PETERSBURG FL 33705 MLS #U8240691 | Gary Kusher | Florida Real Estate

Excellent Commercial Real Estate Opportunity in up-and-coming area near downtown St. Petersburg! This corner commercial retail property, along with an adjacent vacant lot, presents a strategic investment in a highly visible developing area near downtown. The property includes two parcels sold together. The first, 1139 MLK, features a 51’ x 130’ lot with a 2000 sq ft four-unit retail strip, each unit approximately 500 square feet. Adjacent, 1131 MLK is a vacant lot measuring 60’ x 130’, ready for development. Zoned CCT-1, both parcels (totaling .33 acres) allow for various commercial and mixed-use projects. Positioned in an opportunity zone amidst the city’s southward redevelopment, this property holds much potential, with incentives for affordable housing. Whether you’re an owner/user, investor, or developer looking to tap into St. Petersburg’s growth, this property offers a promising opportunity. Don’t miss out—contact us today to learn more!