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

$1,995,000

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Property Description

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.

1201 Dr Martin Luther King Jr Street N | MLS# TB8490694

This land located at 1201 Dr Martin Luther King Jr Street N, Saint Petersburg, FL 33701 is currently listed for sale with an asking price of $1,995,000. The property has approximately 0.28 Acres. Search Saint Petersburg real estate on cheryld.watsonrealtycorp.com today.

Property Features

Property Type: Land - Commercial
Lot Size: 0.28 Acres
Taxes: $11,626

Feature Descriptions

Directions: From 9th Street turn East onto 12th Ave. The lot is located on the corner.
Flood Zone Code: X
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Buildable, Cleared, Corner Lot, City Limits, Near Public Transit, Sidewalk
Lot Dimensions: 0.28
Ownership: Fee Simple
Property Attached Y/N: No
Sewer: Public Sewer
Showing Instructions: ShowingTime
Special Sale Provisions: None
Utilities: BB/HS Internet Capable
Water: Public
Water Access Y/N: No

Listed By / Shown By

Listed By

Agency Name: BHHS FLORIDA PROPERTIES GROUP
Agency Contact: 813-694-7505

Shown By

Agent Name: Cheryl Dziurzynski
Agent Phone: (904) 377-6986
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 11,170.90 per month $9,620.19 Principal & Interest $968.83 Property Tax $581.88 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/26/2026. The listing information on this page last changed on 03/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 03/26/2026 12:33:23 AM EST) or GAMLS (last updated Wed 03/25/2026 11:14:58 PM EST) or Stellar MLS (last updated Thu 03/26/2026 12:29:02 AM EST) or SPC MLS (last updated Wed 03/25/2026 11:20:28 PM EST) or Martin MLS (last updated Wed 03/25/2026 11:38:11 PM EST) or Indian River MLS (last updated Wed 03/25/2026 11:30:25 PM EST) or Daytona MLS (last updated Wed 03/25/2026 11:36:52 PM EST) or Northeast Florida MLS (last updated Thu 03/26/2026 12:18:43 AM EST) or Beaches MLS (last updated Thu 03/26/2026 12:26:45 AM EST) or BORMLS (last updated Wed 03/25/2026 11:15:44 PM EST) or Golden Isles MLS (last updated Wed 03/25/2026 11:26:33 PM EST) or Amelia/Nassau MLS (last updated Wed 03/25/2026 11:25:17 PM EST) or Dixie Gilchrist Levy MLS (last updated Wed 03/25/2026 11:42:17 PM EST) or NFLMLS (last updated Wed 03/25/2026 9:05:30 PM EST). Real estate listings held by brokerage firms other than Watson Realty Corp., REALTORS ® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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