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1139 Dr Martin Luther King Jr St S, Saint Petersburg, FL 33705

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1139 Dr Martin Luther King Jr St S, Saint Petersburg, FL 33705

1139 Dr Martin Luther King Jr St S, Saint Petersburg, FL 33705

1139 Dr. M.L.K. Jr St S, St. Petersburg, FL 33705, USA

For Sale

$299,900

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Area
2000 Sq Ft

Description

  • 4 unit NNN Dr MLK Jr St S/9th St S Corridor Retail Plaza with 2 vacant units available. All units are 500 sf.
  • One unit (500 sf) is occupied by a Barber Shop and the other unit (500 sf) is occupied by the Pool Hall/Game Room.
  • Both are currently renting below rental market value at $700 per month each.
  • Other 2 units (500 sf each) have been gutted and framed with new electrical, these units could rent for $1000 per month.
  • With a potential annual rental revenue of 42k – 48k and low expenses of approx 6k annually, this could be a solid 9 cap.
  • Highly trafficked area with road frontage on Dr MLK Jr St S/9th St S Corridor. Traffic count is approx 25,000.
  • Well located near Campbell Park, west of Historic Roser Park and just south of Downtown St Pete!
  • Developers and Builders are acquiring at a rapid rate in this area of South St Pete due to its close proximity to downtown, the Central Ave Corridor, Tropicana Field, Lassing, Straub & Vinoy Parks, the Pier, Beach Dr, the University of South Florida, Bayfront & John Hopkins Hospitals, famous museums (like the Dali or Chihuly), the Sundial shopping plaza, and so much more!

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30 Years Fixed, 3.5% Interest
  • Principle and Interest

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