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1201 Dr Martin Luther King Jr St N 0.28 Acres of Commercial Land Offered at $2,762,137 CAD in Saint Petersburg, FL 33701
Executive Summary
This is a rare shovel-ready development opportunity in a prime location. This vacant lot comes fully permitted and approved for the construction of six luxury townhomes, allowing a developer to begin building immediately after closing with no entitlement delays. The sale includes complete architectural plans and approved permits for six high-end units, each designed with modern layouts and rooftop terraces that overlook downtown and 9th Street, offering premium views and strong resale or rental appeal. The project has been thoughtfully designed to maximize both square footage and outdoor living space, creating a luxury product that stands out in the market. Opportunities like this are extremely limited — skip the multi-year planning and approval process and move straight to construction. This is a turnkey development site ideal for developers looking for their next high-end townhome project in a growing area.
Property Facts
| Price | $2,762,137 CAD | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Condition | Build to Suit | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.29 AC |
| Zoning | Commercial | ||
| Price | $2,762,137 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.29 AC |
| Zoning | Commercial |
1 Lot Available
Lot 0
| Price | $2,762,137 CAD | Lot Size | 0.28 AC |
| Price Per AC | $9,695,315.61 CAD |
| Price | $2,762,137 CAD |
| Price Per AC | $9,695,315.61 CAD |
| Lot Size | 0.28 AC |
Vacant Commercial
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 18-31-17-24174-000-0010 | Improvements Assessment | $0 CAD |
| Land Assessment | $882,010 CAD | Total Assessment | $882,010 CAD |
Property Taxes
Parcel Number
18-31-17-24174-000-0010
Land Assessment
$882,010 CAD
Improvements Assessment
$0 CAD
Total Assessment
$882,010 CAD
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1201 Dr Martin Luther King Jr St N
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