$995,000

Description

The property is located along one of the most recognizable commercial corridors in St. Petersburg and presents an exceptional opportunity to acquire a strategically positioned commercial asset in one of the city’s fastest growing and most desirable urban markets. Situated just minutes from Downtown St. Petersburg, the property benefits from strong visibility, high daily traffic counts, and immediate access to surrounding residential, retail, and business districts. Positioned on Dr. Martin Luther King Jr Street North, the property offers excellent frontage along a major north-south thoroughfare connecting downtown to surrounding neighborhoods and regional transportation routes. Its central location provides convenient access to key destinations including the downtown waterfront, the St. Pete Pier, and the vibrant Central Avenue corridor known for its restaurants, entertainment, and mixed-use development. The asset offers flexibility for a variety of commercial uses, making it attractive to both investors and owner-users. Whether utilized for office, retail, professional services, or redevelopment potential, the site benefits from strong surrounding demographics and continued investment throughout the area. The nearby growth of residential and mixed-use projects continues to drive demand for well-located commercial properties within this submarket. St. Petersburg remains one of the strongest-performing markets in the broader Tampa Bay region, supported by population growth, tourism, business expansion, and ongoing redevelopment. Properties located near the downtown core continue to see strong investor demand due to limited supply and long-term appreciation potential. The pricing, strategic positioning, urban accessibility, and long-term redevelopment potential allows investors the opportunity to evaluate this asset based on its prime location, strong visibility, and flexible use potential within one of Florida’s most active commercial corridors located in the heart of St. Petersburg’s continued growth story.