2821 Dr Martin Luther King Jr StSt. Petersburg, FL 33704

  • Industrial properties
  • 2,026 SF
For Sale
$695,000 View listing

Property Details for 2821 Dr Martin Luther King Jr St

Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.14 AC
Property size (Sq ft)
2,026 SF
Property type
Industrial properties
Property subtype
Other warehouses
APN
07-31-17-28332-000-0030
APU
73117283320000030

Description

This exceptional off-market investment opportunity presents a 2,333 square foot warehouse building situated on a 6,264 square foot lot at 2821 Dr. Martin Luther King Jr St N, St. Petersburg, Florida 33704. Built in 1963, this property benefits from a highly visible street-front location in a bustling commercial district within the Tampa Bay Metro area. The building features two front roll-up doors opening onto a wide sidewalk, ideal for a cafe or similar use, and a large, prominent sign. Inside, the layout is primarily open space with two enclosed rooms, and a rear roll-up door provides access to rear parking, potentially suitable for outdoor seating. The generous CCT-1 zoning allows for a wide range of uses, including restaurants, cafes, boutiques, galleries, salons, spas, wellness centers, general offices, medical facilities, financial services, and even showroom or storage uses. Ample parking is available, and the property enjoys high foot traffic and proximity to major transportation routes. The asking price is $695,000. This presents a strong potential for high return on investment in a thriving market. The property's history includes retail uses, dating back to at least 1969.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $712,104
    Hospitality
    $652,284
    Educational
    $542,692
    Medical
    $561,356
    Retail
    $844,188
2821 Dr Martin Luther King Jr St, St. Petersburg, Florida

Location Insight

City
Saint Petersburg
County
Pinellas
State
Florida
Latitude
27.798
Longitude
-82.6464
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,270
-
-
$215,000
-
$163,726
$51,274
$215,000

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