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DR MARTIN LUTHER KING JR ST S St Petersburg, FL 33701
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Key Details
Sold Price $1,275,000
Property Type Vacant Land
Sub Type Unimproved
Listing Status Sold
Purchase Type For Sale
Subdivision Grahams T W Sub
MLS Listing ID U8194050
Sold Date 05/25/23
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $2,434
Lot Size 0.800 Acres
Acres 0.8
Lot Dimensions 250x140
Property Description
More than three-quarters of an acre (250 feet x 140 feet per survey) of CCT-1 zoned land in Historic Roser Park, a distinctive district that is listed on the National Register. The famed, tree-lined neighborhood of bricked streets over rolling hills offers an eclectic mix of American architectural-styled homes. The property is not in a flood zone and is close to Downtown St. Petersburg, hospitals, colleges, an airport, lively arts, The St. Pete Pier and so much more. The once-in-a-generation 86-acre Tropicana Field redevelopment project is planned just a few blocks north. The savvy investor gets a 3-parcel land assemblage located in an Opportunity Zone and potentially other incentive packages, including the Affordable Multifamily Housing Development Program, Pinellas County Employment Sites Program, and others. The buyer can build up to 19 townhomes (see renderings). Other approved uses on this site include a Hotel, Office (General or Medical), Restaurant and Bar, Mixed Use, School, Nursing Home, Funeral Home, House of Worship – even an Indoor Recreation Facility (pickleball courts, swimming pools, amusement park or similar endeavors). An arborist report was conducted, and trees can be removed with a permit. The sellers, who have done extensive planning for this site, would entertain a joint venture development with experienced and qualified partners.
Location
State FL
County Pinellas
Community Grahams T W Sub
Zoning CCT-1
Direction S
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront false
Building
Lot Description Buildable, Corner Lot, Historic District, City Limits, Level
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with PREMIER SOTHEBYS INTL REALTY