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811 Dr Martin Luther King Jr STREET S, St. Petersburg, FL, 33705 | $999,999
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.
Features
- Property Type: Restaurant
- Construction: Block
- Utilities: Public
- Heating: Heat Pump
- Cooling: Mini-Split Unit(s)
- Year Built: 1970
- Approx Sq. Feet: 766
- Acreage: 0.4
- Est. Taxes: $2,996
- MLS#: TB8308919
- Days on Market: 33 days
- Website: https://www.raveis.com
/prop/TB8308919/811drmartinlutherkingjrstreets_stpetersburg_fl?source=qrflyer
Listing courtesy of KELLER WILLIAMS ST PETE REALTY Phone: 727-894-1600
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
811 Dr Martin Luther King Jr STREET S, St. Petersburg, FL, 33705
$999,999
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $799,999 | $799,999 | $799,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
| Monthly Tax Payment | $250 | $250 | $250 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $5,189 | $5,122 | $7,024 |
| Total Monthly Payment | $5,531 | $5,464 | $7,366 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388