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    689 Dr Martin Luther King Jr St N St Petersburg, FL 33701

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    For Sale
    $2,150,000

    Fully leased retail space in the heart of St. Petersburg.

    Lot size:
    0.15 Acres

    Property Features for 689 Dr Martin Luther King Jr St N

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1926

    Source: KRATZER PROPERTY GROUP, LLC Agent Zach Kratzer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Retail Space in St. Petersburg

    This property offers an opportunity to purchase a fully leased retail space. It is located on the edge of downtown St. Petersburg, Florida, and benefits from walking and street traffic. The property includes a total of five units. Two of the units are 1,800 square feet each, and the remaining three units are 900 square feet each. Adjacent parking is available.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.646469
    Latitude
    27.7790838

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    FAQs

    What type of property is this?
    Retail space - Fully leased retail space in the heart of St. Petersburg.
    Where is this retail space located?
    The property is located at 689 Dr Martin Luther King Jr St N St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: - Fully leased retail space provides immediate income.; - Prime location on the edge of downtown St. Petersburg.; - High foot and street traffic area.
    (727) 256-5606
    Request Owner's contact information
    689 Dr Martin Luther King Jr St N St Petersburg, FL 33701
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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
    689 Dr Martin Luther King Jr St N St Petersburg, FL 33701
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