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Gelfand Realty Miami Properties for Sale - Restaurant for Sale

811 DR MARTIN LUTHER KING JR S, ST PETERSBURG, FL 33705

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Restaurant - GROVE HEIGHTS REV for Sale

811 DR MARTIN LUTHER KING JR S, ST PETERSBURG, FL 33705

Asking Price$999,999

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  • Days on market:

    152 day(s)
  • Original Price:

    $999,999
  • Price per sqft:

    $1305.48
  • Tax Legal Description:

    GROVE HEIGHTS REV LOTS 1 AND 2
  • Tax Year:

    2023
  • Property Type:

    Restaurant
  • Construction Type:

    Block
  • Roof:

    Shingle
  • Cooling Description:

    Mini-Split Unit(s)
  • Heating Description:

    Heat Pump
  • Floor Description:

    Ceramic Tile
  • Special Listing Conditions:

    None

Description

$999,999 • living size area 766 sqft

Offered is a walk-up/drive-through restaurant on a .39 acre parcel with alley access located in a mixed-use/commercial zoning district which allows for a wide variety of uses. well-suited as a prime redevelopment opportunity, zoning codes allow for up to 11 residential units to be developed on the parcel when including bonuses. as is, the opportunity also has great potential to continue to be used as a restaurant. the parking lot can accommodate about 15 cars or more, although one portion is not striped. the property is walking distance to orlando health bayfront hospital as well as johns hopkins all childrens’ hospital. downtown st. petersburg is just minutes away by car. the adjacent booker creek and the roser park neighborhood are beautiful, and nearby public amenities include the city’s renown skate park at campbell park. the parcel is situated on dr. martin luther king jr. st s, a minor arterial road which sees 15,500 throughout the day (aadt, source: fdot). the property is served by pinellas suncoast transit authority routes 7, 14, 20, and 23, including direct service to gulfport, south pasadena, downtown st. petersburg, grand central station, and pinellas point. access to i-275 is just 3 blocks north, and tampa international airport is less than 30 minutes away.

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