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

    For Sale
    $695,000

    Prime Retail/Warehouse, High Visibility

    Property size:
    2,333 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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.

    Property Features for 2821 Dr Martin Luther King Jr St

    General Information

    Property type
    Distribution properties
    Square Feet
    2,333 SF

    Building Details

    Year Built
    1963

    HighLights

    • $695,000 asking price for a 2,333 SF warehouse.
    • Located in St. Petersburg, FL, in the Tampa Bay Metro area.
    • Situated on a 6,264 SF lot at 2821 Dr. Martin Luther King Jr St N, with high visibility and foot traffic.
    • Built in 1963, with CCT‑1 zoning allowing for versatile retail or commercial uses.
    • Features two roll‑up doors, ample parking, and a large street‑facing sign.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    St. Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6465793
    Latitude
    27.7980263

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    FAQs

    What type of property is this?
    Distribution property - Prime Retail/Warehouse, High Visibility
    Where is this distribution property located?
    The property is located at 2821 Dr Martin Luther King Jr St St. Petersburg, FL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: $695,000 asking price for a 2,333 SF warehouse.; Located in St. Petersburg, FL, in the Tampa Bay Metro area.; Situated on a 6,264 SF lot at 2821 Dr. Martin Luther King Jr St N, with high visibility and foot traffic.
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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
    2821 Dr Martin Luther King Jr St St. Petersburg, FL 33704
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