This property is an Entrepeneur’s dream. This well-maintained 5,190 SF building has a large open floor plan ideal for retail or office use. The second floor consists of residential space with 4 four bedrooms, 1 full bathroom and a half bath, a large living room, and a full kitchen (currently tenant-occupied). Property conveys a total of 3 lots (.40 Acres). Zoning allows developers to build up to 4 floors that could provide water views of the bay. Perfect property for an investor/developer to renovate or build a new multi-family development. Featuring a newer TPO roof , fenced outside storage, walking distance to St. Petersburg nightlife, arts, restaurants and popular shops along Central Avenue and Beach Drive. Easy access to the interstate and a 40 minute drive to Tampa International Airport. With St. Petersburg redevelopment pushing southward and incentives for investors/developers to construct affordable housing this property has massive investment added value upside! Call to schedule your personal showing now.
Listing updated: November 12, 2025 at 01:10pm
Listed by Realtor: Ryan Mitchell
Listed by office: Â KELLER WILLIAMS ST PETE REALTY
AccessibilityFeatures: Accessible Bedroom,Accessible Central Living Area,Accessible Closets,Accessible Doors,Accessible Entrance,Visitor Bathroom,Accessible Hallway(s),Accessible Kitchen,Accessible Stairway,Central Living Area
BuildingAreaTotal: 5190
BuildingFeatures: Bathrooms
CommunityFeatures: Sidewalks
ConstructionMaterials: Block,Cement Siding,Stucco
ContractStatusChangeDate: 2022-07-11
Cooling: Wall/Window Unit(s)
CumulativeDaysOnMarket: 1202
DaysOnMarket: 1202
Directions: North bound - I275 North to I175 East to MLK St S (right) building 4 blocks on the right.
South bound - I275 South to I175 East to MLK St S (right) building 4 blocks on the right.
Electric: 200+ Amp Service
Flooring: Carpet,Ceramic Tile,Concrete,Other
FoundationDetails: Slab
Heating: Wall Units / Window Unit
InternetAddressDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
InternetConsumerCommentYN: 1
InternetEntireListingDisplayYN: 1
Levels: Two
ListAOR: Pinellas Suncoast
ListAgentAOR: Suncoast Tampa
ListAgentEmail: RyanWTeam@gmail.com
ListAgentFullName: Ryan Mitchell
ListAgentKey: 703e7e3acda896c61147bd34ef1e3a6d
ListAgentMlsId: 260048451
ListAgentPreferredPhone: 727-612-8068
ListOfficeKey: af8f9e5eb1966bd4a1e081d1b69fe849
ListOfficeMlsId: 260030730
ListOfficeName: KELLER WILLIAMS ST PETE REALTY
ListOfficePhone: 727-894-1600
ListingContractDate: 2022-07-11
ListingId: U8169370
ListingTerms: Cash,Conventional
LivingAreaSource: Public Records
LivingAreaUnits: Square Feet
LotFeatures: City Lot,Near Public Transit,Sidewalk,Street Lights
LotSizeArea: 10995
LotSizeDimensions: 75 x 150
LotSizeSquareFeet: 10995
LotSizeUnits: Square Feet
MLSAreaMajor: 33705 - St Pete
MlsStatus: Active
Last Modified: November 12, 2025 at 01:10pm
NumberOfBuildings: 1
NumberOfUnitsTotal: 1
OnMarketDate: 2022-07-11
OriginalEntryTimestamp: July 11, 2022 at 05:44pm
OriginalListPrice: 1699000
OriginatingSystemKey: stellar
OriginatingSystemName: Stellar MLS
Ownership: Sole Proprietor
ParcelNumber: 253116000001101100
ParkingFeatures: 6 to 12 Spaces
PetsAllowed: No
PhotosChangeTimestamp: September 3, 2025 at 06:11pm
PhotosCount: 47
PostalCodePlus4: 2105
PriceChangeTimestamp: February 16, 2024 at 12:34am
PropertyCondition: Completed
RoadFrontageType: Street Lights,Street Paved,Business District,City Street,Divided Highway
RoadSurfaceType: Paved
Roof: Other,Roof Over
SecurityFeatures: Closed Circuit Camera(s),Security Lights,Security System Leased,Smoke Detector(s)
SourceSystemKey: 588158478
SpecialListingConditions: None
StateOrProvince: FL
StatusChangeTimestamp: August 2, 2024 at 08:04pm
StoriesTotal: 2
StreetDirSuffix: S
StreetName: DR MARTIN LUTHER KING JR
StreetNumber: 923
StreetNumberNumeric: 923
StreetSuffix: STREET
TaxAnnualAmount: 3668.3
TaxBlock: 00
TaxBookNumber: 27-31
TaxLegalDescription: W 150FT OF E 190FT OF N 85FT OF SE 1/4 OF NE 1/4 OF NE 1/4 LESS N 10FT