1335 Dr Martin Luther King Jr Street N, ST PETERSBURG, FL

$1,335,000

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2,406

Square feet

0.15

Acres

About 1335 Dr Martin Luther King Jr Street N

This exceptional 6-unit mixed-use property in St. Petersburg’s coveted downtown 33701 zip code offers a rare combination of resilience, location, and income potential. With a prime location steps from Crescent Lake Park, just 1 mile from Central Avenue, and walking distance to Tropicana Field, this property is perfectly positioned to capitalize on the city's vibrant growth. Elevated 40+ feet above sea level, it sustained no interior hurricane damage and is zoned CRT-1, allowing flexible residential and commercial use. The owner most recently has operated it as a mid term rental, allowing 1-2 months stays. The property features a separately metered, detached block 2-car garage, providing an opportunity to expand the usable footprint or generate additional income. A studio unit on the third floor that offers breathtaking views of the St. Pete skyline and can be easily converted into a true 1-bedroom, 1-bathroom unit for additional added value. A new roof was installed in 2021, and the building currently utilizes central heating, with the potential to be upgraded to an efficient heat pump system for central air conditioning. Additionally, a property manager living next door is willing to remain on board for smooth operational continuity. Financially, the property is a proven performer, grossing over $125,000 last year, with detailed financial records available upon request. This is a rare opportunity to own a versatile and income-generating property in a highly desirable downtown location.

Residential Income home for sale in ST PETERSBURG, FL at 1335 Dr Martin Luther King Jr Street N. This Residential Income home is priced at $555/sqft

Features of 1335 Dr Martin Luther King Jr Street N

MLS® # TB8337653
Price $1,335,000
Bathrooms 0.00
Square Footage 2,406
Acres 0.15
Year Built 1910
Type Residential Income
Sub-Type Multi-Family
Status Active

Community Information: St Petersburg

Address 1335 Dr Martin Luther King Jr Street N
Area St Pete
Subdivision EAST VIEW ADD
City ST PETERSBURG
County Pinellas
State FL
Zip Code 33701

Amenities of 1335 Dr Martin Luther King Jr Street N

# of Garages 2
View City
Is Waterfront No
Has Pool No
Senior Community No

Interior of 1335 Dr Martin Luther King Jr Street N

Interior Features Other
Heating Central
Cooling Central Air
Fireplace No

Exterior of 1335 Dr Martin Luther King Jr Street N

Exterior Features Sidewalk
Roof Shingle
Foundation Crawlspace

Additional Information On 1335 Dr Martin Luther King Jr Street N

Date Listed January 11th, 2025
Days on Market 30
Flood Zone Code X
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

OfficeCARPENTER REALTY GROUP

Map To 1335 Dr Martin Luther King Jr Street N, ST PETERSBURG

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