1201 Dr Martin Luther King Jr Street N, Saint Petersburg, FL 33701

Saint Petersburg
Local realty services provided by:Gulf Shores Realty ERA Powered
1201 Dr Martin Luther King Jr Street N,St Petersburg, FL 33701
$1,995,000
Virtual Tour
  • 0.28 Acres
  • Lots / Land
  • Active
Listed by: everett vance, jr
Office: bhhs florida properties group
MLS#:TB8490694
Source:MFRMLS

Price summary

  • Price:$1,995,000

About this home

This is a rare shovel-ready development opportunity in a prime location. This vacant lot comes fully permitted and approved for the construction of six luxury townhomes, allowing a developer to begin building immediately after closing with no entitlement delays. The sale includes complete architectural plans and approved permits for six high-end units, each designed with modern layouts and rooftop terraces that overlook downtown and 9th Street, offering premium views and strong resale or rental appeal. The project has been thoughtfully designed to maximize both square footage and outdoor living space, creating a luxury product that stands out in the market. Opportunities like this are extremely limited — skip the multi-year planning and approval process and move straight to construction. This is a turnkey development site ideal for developers looking for their next high-end townhome project in a growing area.

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Home facts

  • Listing ID #:TB8490694
  • Added:46 day(s) ago
  • Updated:May 11, 2026 at 11:59 AM

Structure and exterior

  • Lot area:0.28 Acres
  • Lot Features:Buildable, Cleared, Corner Lot, Near Public Transit, Sidewalk
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,995,000
  • Tax amount:$11,627 (2025)

Features and amenities

  • Amenities:BB/HS Internet Capable
  • Pool features:Public Pool
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