Address
177 DR MARTIN LUTHER KING JR STREET N #177 St Petersburg, FL
Price
$ 165,000
Property Attributes
  • MLS#T2928610
  • TypeCommercial
  • CountyPINELLAS
  • CitySt Petersburg
  • AreaSt Pete
  • Zip33701
  • StyleRetail
  • Year Built1925
  • Taxes1805
  • Price$ 165,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage540
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
P. COLBY & COMPANY INC.
Property Description

Owner will consider PARTIAL FINANCE as primary lender to qualified buyer! REAL ESTATE has changed because of the CORONA VIRUS and so has the market! Big expensive buildings that must charge big expensive rents are no longer the norm. This condo unit is affordable which offers opportunity for affordable rents. Unit 177 was a “Key West” style dessert cafe. The cafe buildout is complete turnkey and ready to open immediately. The new restaurant Trent is smaller “To Go” style with outside seating. This unit offers it all at an affordable price. Opportunity to purchase additional unit to combine spaces is available. Unit 177 and Unit 189 are next to each other. (See additional listing 189 MLK) . Investors dream come true possible 12%-15%+ Cap Rate.

Price History
2/2/2020 Listed $195,000
8/30/2020 16% - $165,000

General Features

Business Type Commercial
Complex Development Name 185 MLK Street Condo
Condo Environment Yn Yes
Condo Fees 191
Condo Fees Monthly 191
Condo Fees Term Monthly
Construction Materials Block, Stucco
Electric 100 Amp Service
Floor Number 1
Flooring Concrete, Tile
Heating Heat Pump
MLS Area 33701 - St Pete
Parking Features Curb Parking
Pets Allowed No
Property SubType Retail
Property Type Commercial
Roof Shingle
Special Listing Conditions None
Status Active
Total Num Buildings 1
Township 31
Unit Number 177
Year Built 1925

Interior Features

Living Area 540.00
Numof Restrooms 1

Exterior Features

Building Area Total 620.00
Lot Features Central Business District
Lot Size Acres 0.09
Lot Size Square Feet 3718
Road Frontage Type Main Throrughfare

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33701

Price
AVG $970K
$170K
Taxes
AVG $7,325
$1,805
Visits
AVG 94
74
Year Built
AVG 1937
1925

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.