Price Reduced 16.67%


Price History

$1,500,000
9/13/2022

$1,450,000
4/20/2023

$1,800,000
8/4/2023

$1,500,000
10/4/2023


DR MARTIN LUTHER KING JR STREET N, St. Petersburg, FL, 33702

DR MARTIN LUTHER KING JR STREET N, St. Petersburg, FL, 33702

Investor's Dream: Prime Development Opportunity in St. Petersburg! Calling all visionary investors, seasoned developers, and townhome enthusiasts! This exceptional offering presents a golden chance to shape the city's landscape with a VARIETY of possibilities. Zoned CCS-1, these TWO lots, totaling .917 acres, await your creative touch. Situated within the vibrant heart of St. Petersburg, these parcels boast a strategic location that perfectly marries convenience with lifestyle. Picture this: a remarkable 14-unit townhome haven envisioned by ARO Engineering, showcasing a carefully crafted 23x45 sqft footprint. With two thoughtfully designed floors, encompassing approximately 2,070 sqft of luxurious living space, these residences are poised to redefine urban elegance. As an added touch, each unit's architecture anticipates a ground-floor garage, elevating both convenience and functionality. While the ARO Engineering concept is a stunning starting point, it's essential to note that the design is yet to embark on its formal approval journey, allowing ample room for your personal modifications and enhancements. Beyond the borders of this promising development, a world of convenience awaits. Discover the ease of access to Tampa International Airport, I-275, and the iconic Gandy Bridge, providing seamless connectivity to neighboring regions. The allure of St. Petersburg's downtown core and pristine beaches is merely moments away, inviting a lifestyle that harmonizes work, play, and relaxation. Don't let this exceptional opportunity slip through your fingers. Dive into the heart of St. Petersburg's burgeoning growth story and contribute to its dynamic transformation. Please review the provided attachments for comprehensive details on both lots. While all information contained herein is believed to be accurate, verification by the purchaser is advised to ensure confidence in your investment. Experience the thrill of crafting a new chapter in St. Petersburg's evolution – your masterpiece awaits!


Status:

Active

Type:

Lot / Acreage

Subdivision:

PENELOPE

Lot Size:

246'x112'

Acreage:

0.64

Est. Taxes:

$299

Current Use

Commercial

Permitted Use

Commercial

Utilities

Electrical Nearby, Sewer Nearby, Water Nearby

Days on Market:

422

MLS #:

T3399822


Community Info

School Info

Walk Score

Yelp



Listing courtesy of TOMLIN, ST CYR & ASSOCIATES LLC Phone: 813-636-0700