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2320 Dr Martin Luther King Jr St S 3,200 SF Retail Building Saint Petersburg, FL 33705 $456,885 CAD ($142.78 CAD/SF)
INVESTMENT HIGHLIGHTS
- Excellent visibility on MLK St S, just 1.5 miles south of Central Avenue
- Located in a high-growth corridor attracting creative businesses and infill developments
- Ideal for flex office, studio/gallery, boutique retail, or mixed-use live/work conversion
- Bus stop at property corner and planned streetscape upgrades for improved access
- Value-add opportunity: solid block/stucco shell ready for renovation and modernization
- Below-replacement-cost pricing with significant upside potential as the neighborhood revitalizes
EXECUTIVE SUMMARY
2320 Dr. Martin Luther King Jr. St S – Investor Special in a High-Growth Corridor
Discover a rare value-add opportunity in St. Petersburg’s rapidly evolving southside: a 3,200 SF blank canvas at 2320 MLK St S. Currently in need of a full facelift, this property is perfectly positioned to capitalize on the area’s robust redevelopment momentum.
Key Highlights & Potential Uses
Zoning Flexibility (CCT-1, Zoning Description Corridor Commercial Traditional) By-right uses include retail shops, professional or medical offices, service businesses (Salon or Restaurant etc.), Mixed-use project and assembly-style operations (studios, galleries, or community centers).
Excellent Location: Situated just 1½ miles south of Central Avenue, the site enjoys high visibility on a busy thoroughfare. A bus stop at the corner and planned streetscape improvements make access effortless for both customers and tenants.
Growth & Appreciation: The MLK corridor is one of St. Pete’s most active redevelopment zones, with recent mixed-use projects and infill developments driving property values higher. Investors are flocking here for its strong demographics—young professionals, creative startups, and local entrepreneurs—all seeking modern, affordable space.
Value-Add Canvas: While the existing build is dated, the solid block and stucco structure provides a blank-slate interior ready for renovation. Whether you envision a boutique coworking hub, a wellness studio with ground-floor retail, or a tech office with loft-style finishes, the foundational elements are in place.
Why 2320 MLK St S?
This offering allows you to shape the next chapter of a transforming neighborhood—securing a sizeable footprint at well below replacement cost and riding the wave of St. Pete’s ongoing renaissance. With the right vision and capital improvements, you can unlock significant upside and deliver a modern asset to the market.
Note: The information provided herein is deemed reliable but is not guaranteed. Buyers are solely responsible for verifying all zoning, land use, building regulations, and development feasibility with the City of St. Petersburg and applicable authorities. Seller and broker make no representations or warranties regarding future use or entitlements.
Discover a rare value-add opportunity in St. Petersburg’s rapidly evolving southside: a 3,200 SF blank canvas at 2320 MLK St S. Currently in need of a full facelift, this property is perfectly positioned to capitalize on the area’s robust redevelopment momentum.
Key Highlights & Potential Uses
Zoning Flexibility (CCT-1, Zoning Description Corridor Commercial Traditional) By-right uses include retail shops, professional or medical offices, service businesses (Salon or Restaurant etc.), Mixed-use project and assembly-style operations (studios, galleries, or community centers).
Excellent Location: Situated just 1½ miles south of Central Avenue, the site enjoys high visibility on a busy thoroughfare. A bus stop at the corner and planned streetscape improvements make access effortless for both customers and tenants.
Growth & Appreciation: The MLK corridor is one of St. Pete’s most active redevelopment zones, with recent mixed-use projects and infill developments driving property values higher. Investors are flocking here for its strong demographics—young professionals, creative startups, and local entrepreneurs—all seeking modern, affordable space.
Value-Add Canvas: While the existing build is dated, the solid block and stucco structure provides a blank-slate interior ready for renovation. Whether you envision a boutique coworking hub, a wellness studio with ground-floor retail, or a tech office with loft-style finishes, the foundational elements are in place.
Why 2320 MLK St S?
This offering allows you to shape the next chapter of a transforming neighborhood—securing a sizeable footprint at well below replacement cost and riding the wave of St. Pete’s ongoing renaissance. With the right vision and capital improvements, you can unlock significant upside and deliver a modern asset to the market.
Note: The information provided herein is deemed reliable but is not guaranteed. Buyers are solely responsible for verifying all zoning, land use, building regulations, and development feasibility with the City of St. Petersburg and applicable authorities. Seller and broker make no representations or warranties regarding future use or entitlements.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,200 SF
Building Class
B
Year Built/Renovated
1954/2024
Price
$456,885 CAD
Price Per SF
$142.78 CAD
Building Height
1 Story
Building FAR
0.26
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
CCT-1
Frontage
95’ on 9th Street South
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 31-31-17-95976-001-0200 | Improvements Assessment | $207,366 CAD |
| Land Assessment | $142,220 CAD | Total Assessment | $349,586 CAD |
PROPERTY TAXES
Parcel Number
31-31-17-95976-001-0200
Land Assessment
$142,220 CAD
Improvements Assessment
$207,366 CAD
Total Assessment
$349,586 CAD
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2320 Dr Martin Luther King Jr St S
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