Price Reduction
Address
189 DR MARTIN LUTHER KING JR STREET N St Petersburg, FL
Price
$ 165,000
Property Attributes
  • MLS#T2928616
  • TypeCommercial
  • CountyPINELLAS
  • CitySt Petersburg
  • AreaSt Pete
  • Zip33701
  • StyleRetail
  • Year Built1925
  • Taxes1663
  • Price$ 165,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage497
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
P. COLBY & COMPANY INC.
Property Description

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 189 was a retail space with large ADA restroom/dressing room. Buildout is complete and ready to open immediately. Retail trends are smaller with more affordable rent. Opportunity to purchase additional unit to combine spaces is available. Unit 189 and Unit 177 are next to each other. (See additional listing 177 MLK) Investor dream come true with possible 12%-15%+ Cap Rate.

Price History
2/2/2020 Listed $175,000
8/30/2020 6% - $165,000

General Features

Business Type Commercial
Condo Environment Yn Yes
Condo Fees 175
Condo Fees Monthly 175
Condo Fees Term Monthly
Construction Materials Block, Stucco
Electric 100 Amp Service
Heating Heat Pump
MLS Area 33701 - St Pete
Pets Allowed No
Property SubType Retail
Property Type Commercial
Special Listing Conditions None
Status Active
Total Num Buildings 1
Township 31
Year Built 1925

Interior Features

Living Area 497.00
Numof Restrooms 1
Utilities Electricity Connected

Exterior Features

Building Area Total 570.00
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
  • 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 $690K
$170K
Taxes
AVG $10,769
$1,663
Visits
AVG 88
10
Year Built
AVG 1940
1925

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