• Downtown St. Petersburg Redevelopment - 1441 Dr Martin Luther King Jr St S, Saint Petersburg, FL 33705

For Sale

Multi-Family

For Sale

This property is available for sale
0.61
Acres
$525,000
Sale Price
  • Year Built
    1925
  • Total Building Size
    1,560 RSF
  • Overview

    Excellent Redevelopment Opportunity for Multi-Family in growing CRT-2 District. The MLK/Newton Avenue property is located at 9th Street/MLK South and Newton Avenue in Midtown St. Petersburg, just blocks from the desirable and booming Roser Park Historical District. Suitable for multifamily use. The Downtown St. Petersburg offering is an incredible re-development opportunity in a CRT-2 Zone in the heart of Pinellas county and just minutes from the bustling hip, historic, and art-deco downtown attractions. Local redevelopment efforts have welcomed many professionals to the area making this location a very desirable location. Plans utilizing the city's "Corridor Residential Traditional Districts" (CRT-2) can be applied for with excellent opportunities for mixed-use, multifamily, retail, restaurant, or professional offices. Multifamily redevelopment is allowable with up to four stories and 18 units for workforce housing or 15 units for non-workforce housing. Additionally, this property has the potential to offer dynamic views of Saint Petersburg and the Bay. This redevelopment offering has 138 feet of frontage on a main thoroughfare with .61 acres on a corner lot just blocks from the desirable Historic Roser Park. Roughly ten blocks from John Hopkins Children's Medical Complex, and on the outskirts of downtown Saint Petersburg with excellent access to and from interstates and downtown attracttions. For more information about this property and the "Corridor Residential Traditional Districts" (CRT) please inquire. Developments are intended to encourage the development of townhomes, condominiums, apartment buildings, and mixed-use buildings in the area while being appropriately scaled to the context of the surrounding architecture and to facilitate conversion of any remaining single-family homes into limited retail uses or offices.

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Property Details

Excellent Redevelopment Opportunity for Multi-Family in growing CRT-2 District. The MLK/Newton Avenue property is located at 9th Street/MLK South and Newton Avenue in Midtown St. Petersburg, just blocks from the desirable and booming Roser Park Historical District. Suitable for multifamily use. The Downtown St. Petersburg offering is an incredible re-development opportunity in a CRT-2 Zone in the heart of Pinellas county and just minutes from the bustling hip, historic, and art-deco downtown attractions. Local redevelopment efforts have welcomed many professionals to the area making this location a very desirable location. Plans utilizing the city's "Corridor Residential Traditional Districts" (CRT-2) can be applied for with excellent opportunities for mixed-use, multifamily, retail, restaurant, or professional offices. Multifamily redevelopment is allowable with up to four stories and 18 units for workforce housing or 15 units for non-workforce housing. Additionally, this property has the potential to offer dynamic views of Saint Petersburg and the Bay. This redevelopment offering has 138 feet of frontage on a main thoroughfare with .61 acres on a corner lot just blocks from the desirable Historic Roser Park. Roughly ten blocks from John Hopkins Children's Medical Complex, and on the outskirts of downtown Saint Petersburg with excellent access to and from interstates and downtown attracttions. For more information about this property and the "Corridor Residential Traditional Districts" (CRT) please inquire. Developments are intended to encourage the development of townhomes, condominiums, apartment buildings, and mixed-use buildings in the area while being appropriately scaled to the context of the surrounding architecture and to facilitate conversion of any remaining single-family homes into limited retail uses or offices.

  • Property Type
    Multi-Family
  • Submarket
  • Year Built
    1925
  • Sale Price
    $525,000
  • Total Building Size
    1,560RSF
  • Total Acres
    0.61
  • Building Class
    C
  • Sale Status
    Available
  • Last updated
    Mar 09, 2020
  • Property ID
    2059644

Landlord's Sales Representatives

  • ryannrealty@gmail.com
    Keller Williams
     
  • Cherie Tedesco
    Keller Williams