Offered is a walk-up/drive-through restaurant on a .39 acre parcel with alley access located in a mixed-use/commercial zoning district which allows for a wide variety of uses. Well-suited as a prime redevelopment opportunity, zoning codes allow for up to 11 residential units to be developed on the parcel when including bonuses. As is, the opportunity also has great potential to continue to be used as a restaurant. The parking lot can accommodate about 15 cars or more, although one portion is not striped. The property is walking distance to Orlando Health Bayfront Hospital as well as Johns Hopkins All Childrens’ Hospital. Downtown St. Petersburg is just minutes away by car. The adjacent Booker Creek and the Roser Park neighborhood are beautiful, and nearby public amenities include the city’s renown skate park at Campbell Park. The parcel is situated on Dr. Martin Luther King Jr. St S, a minor arterial road which sees 15,500 throughout the day (AADT, source: FDOT). The property is served by Pinellas Suncoast Transit Authority routes 7, 14, 20, and 23, including direct service to Gulfport, South Pasadena, Downtown St. Petersburg, Grand Central Station, and Pinellas Point. Access to I-275 is just 3 blocks north, and Tampa International Airport is less than 30 minutes away.
MLS# | TB8308919 |
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Listing Type | For Sale |
Style | Hospitality |
Sub-Type | For-sale |
Status | Active |
Year | 1970 |
Days On Site | 21 |
Listing Provided By | KELLER WILLIAMS ST PETE REALTY | Jac Smith |
SQ Feet | 766 |
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Acreage | 0.40 |
State | FL |
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County | Pinellas |
City | SAINT PETERSBURG |
Zip Code | 33705 |
Area | 33705 St Pete |
Community Name | GROVE HEIGHTS REV |
Listing VS Median (in GROVE HEIGHTS REV) | |
Price: $999,999 low | high Med: $500,600 SqFt: 766 low | high Med: 633 $ / SqFt: $1,305 low | high Med: $654 On Site: 21 low | high Med: 54.000000 |