Price Reduced 22.00%
Price History
$2,500,000
7/8/2023
$1,950,000
11/19/2023
7200 Block Of Dr Martin Luther King Jr STREET N, St. Petersburg, FL, 33702
Attention Developers and Builders! This is a rare opportunity to acquire a 1.08 vacant parcel Zoned CRS-1 in prime North St. Pete which allows a variety of uses; including multifamily (up to 15 units per acre), office, and other uses. The property is located in a highly desirable location close to I-275, the Gandy Bridge, Gateway Mall, Downtown St. Pete, Tampa International Airport, and Clearwater Airport. The sales and rental markets in this area are strong, making this a great opportunity for developers/builders. Priced at approx. $44/SF or $130,000 per unit if able to build 15 multifamily units. Bonus - Seller also owns 3 adjacent properties that are negotiable at Sellers option. One of them is a corner office building with Dr MLK Jr frontage also zoned CRS-1.
Status:
Active
Type:
Lot / Acreage
Subdivision:
HOLLYWOOD PARK SUB
Lot Size:
Vacant Lot 330 x 143
Acreage:
1.08
Est. Taxes:
$18,600
Current Use
Unimproved
Permitted Use
Unimproved
Utilities
Cable Available, Electrical Nearby, Electricity Available, Phone Available, Public, Sewer Available, Sewer Nearby, Water Available, Water Nearby
Lot Description:
Buildable, City Lot, Level, Near Public Transit, Other, Oversized Lot, Sidewalk
Days on Market:
174
MLS #:
U8202085
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of CHARLES RUTENBERG REALTY INC Phone: 727-538-9200