2821 Dr Martin Luther King Jr N St Saint Petersburg, FL 33704-2030
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.