Price Reduction
Address
1118 S Dr Martin Luther King Jr Street S, ST PETERSBURG, FL
Price
$ 1,600,000
Property Attributes
  • MLS#TB8520535
  • TypeLand
  • Listing Status Active
  • CountyPinellas
  • CityST PETERSBURG
  • AreaSt Pete
  • NeighborhoodGRAHAMS T W SUB
  • Zip33701
  • Style
  • Taxes$ 4207
  • Price$ 1,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.85 Acres
Data Source:
Stellar MLS
Property Description

Exceptional development opportunity in Historic Roser Park, one of St. Petersburg’s most distinctive and sought-after neighborhoods. This rare assemblage consists of five contiguous lots totaling approximately 32,500± SF (250’ x 130’) with 250 feet of frontage and located in a desirable X Flood Zone. Positioned just minutes from Downtown St. Petersburg, Bayfront Health, Johns Hopkins All Children’s Hospital, the Innovation District, USF St. Petersburg, and the vibrant Central Avenue corridor, the site offers outstanding accessibility and long-term growth potential. The property is mixed-use capable with development flexibility and potential FAR benefits through residential rental incentives. Opportunities of this scale are increasingly difficult to find within established urban neighborhoods, particularly in Roser Park, a historic enclave of approximately 130 homes known for its character, walkability, and proximity to downtown amenities. Ideal for luxury townhomes, multifamily, mixed-use, workforce housing, or a signature infill development. A separate fully designed 18-unit development concept and supporting due diligence materials may be available to qualified purchasers. Buyer to verify all zoning, density, FAR, land use, development rights, and intended use with the City of St. Petersburg. Rare scale. Exceptional location. Significant development potential.

Price History
6/18/2026 Listed $2,250,000
6/24/2026 11$2,000,000
7/25/2026 5$1,900,000
8/16/2026 3$1,850,000
9/18/2026 8$2,000,000
9/26/2026 8$1,850,000
9/28/2026 14$1,600,000

General Features

Sewer Public Sewer
Utilities Public
Tax Year 2025
Current Use Mixed Use
Ownership Fee Simple
Additional Parcels Description yes
County Pinellas
Property Type Land
Subdivision Name GRAHAMS T W SUB
Status Active
Directions MLK, 9th ave s to 11th st s, turn left, land is on the right
City ST PETERSBURG
MLS Area 33701 - St Pete
Lot Size Units Square Feet
Lot Size Square Feet 32400
Listing Terms Cash,Conventional
Tax Annual Amount 4207.55
Additional Parcels Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8520535
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 1
Legal Description GRAHAM'S, T. W. SUB LOTS 1 AND 2 LESS RD R/W
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
Flood Zone Code X Yes

Exterior Features

Lot Features Oversized Lot
Water Source Public
Lot Size Area 32400
Lot Dimensions 250 x 130
Lot Size Acres 0.85
Road Surface Type Paved
Waterfront Y/N false
Road Frontage Type Access Road,Alley,Business District,City Street,Private Road,Other
Number of Lots 5

Amenities

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

Property vs Land Average in 33701

Price
AVG $1.49M
$1.6M
Taxes
AVG $7,514
$4,207