Renovated Commercial Assemblage on MLK N 2 Retail Properties Offered at $4,219,339 CAD in Saint Petersburg, FL

Renovated Commercial Assemblage in MLK North Corridor | 1225 & 1241 Dr. MLK Jr. Street N, St. Petersburg, FL
Two Freestanding Buildings | ±7,555 Total Heated SF | ±0.41 Acres (17,439 SF)
This offering includes two contiguous parcels totaling ±0.41 acres (17,439 SF) with combined dimensions of 150’ x 122.5’ on a high-visibility stretch of Dr. Martin Luther King Jr. Street North. The assemblage features two historic, well-maintained commercial buildings offering a mix of existing rental income, end-user potential, and redevelopment flexibility.
“Call listing agent for more details on the potential to acquire the business as well as creative financing and partnership opportunity.”
PROPERTY OVERVIEW:
1225 Dr. MLK Jr. Street N
±2,229 Heated SF | ±2,499 Gross SF
Land size: 6,072 SF (0.13 acres)
Built: 1920
Use: Restaurant/Café (tenant in place – do not disturb)
Outdoor seating and updated interiors

1241 Dr. MLK Jr. Street N
±5,056 Heated SF | ±5,272 Gross SF
Land size: 11,367 SF (0.28 acres)
Built: 1915
Use: Store with Office/Apartment (formerly used as a vintage market)
Zoned Mixed-Use – convertible to salon/spa, creative office, gallery, or short-term rental
LOCATION ADVANTAGES:

Nestled between Crescent Lake and Historic Uptown, these parcels sit on the high-traffic MLK North Corridor, known for its pedestrian activity and growing list of destination businesses. Nearby neighbors include:
Hooks Sushi, Nitally’s ThaiMex Cuisine, and Uptown Eats
Gayoso Plastic Surgery, DermaClinique, and other boutique medical and wellness providers
Walkable access to Crescent Lake Park and surrounding residential neighborhoods
Minutes from Downtown St. Petersburg, Central Ave, and I-275 access
DEVELOPMENT & INVESTMENT FLEXIBILITY:
Total land: ±17,439 SF (0.41 acres) across two legal parcels
Combined lot dimensions: 150’ x 122.5’
Zoned CRT-1 (Corridor Residential Traditional)
Permitted uses include: residential, retail, restaurant, personal services, professional office, and short-term rental
Potential for luxury townhome development, live/work lofts, or hospitality concept with mixed-use
DISCLAIMER:

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.
For site tours, zoning guidance, or marketing materials, contact the listing team directly.