923 Dr. Martin Luther King Jr St S 5,190 SF Vacant Retail Building Saint Petersburg, FL 33705 $2,214,471 CAD ($426.68 CAD/SF) 5.87% Cap Rate

Own a slice of property in revitalized Downtown St. Petersburg! This is an excellent investor play to purchase a property with a tenant in place. This well-maintained 5,190 SF building is being built out with high-end upgrades to the premises' first floor. The second floor consists of residential space with 4 four bedrooms, 1 full bathroom and a half bath, a large living room, and a full kitchen. The property conveys a total of 3 lots (.40 Acres) ideal for extra commercial parking or constructing new income-producing residential units. Also featuring a newer TPO roof, fenced outside storage, walking distance to St. Petersburg nightlife, arts, restaurants and popular shops along Central Avenue and Beach Drive. Easy access to the interstate and a 40 minute drive to Tampa International Airport. With St. Petersburg redevelopment pushing southward and incentives for investors/developers to construct affordable housing, this property has massive investment added value upside! "Fortune favors the bold!" Call to schedule your personal showing today.