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    923 Dr Martin Luther King Jr St S St Petersburg, FL 33705

    For Sale
    $1,599,000

    Mixed Use - ST PETERSBURG, FL

    Type:Mixed Use
    Property size:
    4,413 SF
    Lot size:
    0.25 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 923 Dr Martin Luther King Jr St S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Security features
    Closed Circuit Camera(s), Security Lighting, Security System, Security System Leased, Smoke Detector(s)
    APN
    25-31-16-00000-110-1100
    Pets allowed
    No
    Exterior features
    Paved, Security Lights
    Size
    4,413 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1955
    Number of units
    1
    Flooring type
    Carpet, Concrete, Tile, Tile - Ceramic
    Building materials
    Block, Cement Siding, Stucco
    Architectural style
    Other

    Keller Williams St. Pete Realty (727) 894-1600 [email protected]

    Listing agent Ryan Mitchell (727) 894-1600 License #3455161

    Listing date Nov 12, 2025

    MLS# U8169370 Listing URL

    Copyright © 2025 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building Near Central Avenue

    This 5,190 square foot mixed-use building features a large, open floor plan suitable for retail or office use. The second floor includes a residential space with 4 bedrooms, 1 full bathroom, a half bath, a large living room, and a full kitchen, which is currently tenant-occupied. The property includes 3 lots totaling 0.40 acres. The zoning allows for construction up to 4 floors, potentially offering water views of the bay. A newer TPO roof has been installed. There is fenced outside storage available. The location provides convenient access to the interstate and is approximately a 40-minute drive to Tampa International Airport. The property is within walking distance of St. Petersburg nightlife, arts, restaurants, and shops along Central Avenue and Beach Drive. The property is suitable for renovation or new multi-family development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Spa & Massage Law Firm Dental Office Realty agency Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.646975
    Latitude
    27.761051

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail/office space and residential units.
    Where is this mixed-use property located?
    The property is located at 923 Dr Martin Luther King Jr St S St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: - Development potential: Zoned for up to 4 floors, potentially offering water views.; - Large 5,190 SF building with flexible floor plan suitable for retail, office, or residential use.; - Includes residential space: 4 bedrooms, 1.5 bathrooms, living room, and kitchen on the second floor.
    (727) 894-1600
    Request Owner's contact information
    923 Dr Martin Luther King Jr St S St Petersburg, FL 33705
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    923 Dr Martin Luther King Jr St S St Petersburg, FL 33705
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