request_info_guest false
Street View
Map

Investor Opportunity on MLK

$330,000

2320 Doctor Martin Luther King Junior Street South, St. Petersburg, FL 33705

Active
Last Updated: 06/04/2025

3,200 sqft

Building Size

C

Class

Details:
Building Size:    3,200 sqft
Class:    C
Year Built:    1956
Highlights:
  • 3,200 SF commercial building
  • Zoned CCT-1 Corridor Commercial Traditional—permits retail, office, medical, assembly, and potential upper-story residential
  • Excellent visibility on MLK St S, just 1.5 miles south of Central Avenue
  • Bus stop at property corner and planned streetscape upgrades for improved access
  • Located in a high-growth corridor attracting creative businesses and infill developments
  • Value-add opportunity: solid block/stucco shell ready for renovation and modernization
  • Ideal for flex office, studio/gallery, boutique retail, or mixed-use live/work conversion
  • Below-replacement-cost pricing with significant upside potential as the neighborhood revitalizes
Description:

Discover a rare value-add opportunity in St. Petersburg’s rapidly evolving southside: a 3,200 SF blank canvas at 2320 MLK St S. Currently in need of a full facelift, this property is perfectly positioned to capitalize on the area’s robust redevelopment momentum.

Situated just 1½ miles south of Central Avenue, the site enjoys high visibility on a busy thoroughfare. A bus stop at the corner and planned streetscape improvements make access effortless for both customers and tenants.

Growth & Appreciation: The MLK corridor is one of St. Pete’s most active redevelopment zones, with recent mixed-use projects and infill developments driving property values higher. Investors are flocking here for its strong demographics—young professionals, creative startups, and local entrepreneurs—all seeking modern, affordable space.

Value-Add Canvas: While the existing build is dated, the solid block and stucco structure provides a blank-slate interior ready for renovation. Whether you envision a boutique coworking hub, a wellness studio with ground-floor retail, or a tech office with loft-style finishes, the foundational elements are in place.

Why 2320 MLK St S?
This offering allows you to shape the next chapter of a transforming neighborhood—securing a sizeable footprint at well below replacement cost and riding the wave of St. Pete’s ongoing renaissance. With the right vision and capital improvements, you can unlock significant upside and deliver a modern asset to the market.

Map:
Location