CENTURY 21 Edge
✦ Office

Commercial Sale · Office

$447,000$469,0001,244 sq ft$359 /sq ft0.23 acres1 units

112 E MARTIN LUTHER KING JR DRIVE, TARPON SPRINGS, FL, 34689

Active44 days on marketListed Sep 5, 2026MLS #TB8545350

About this property

The property at a glance

Virtually Staged. YOUR BUSINESS. YOUR REAL ESTATE. Completely renovated and ready for occupancy. This 112 MLK JR Dr offers something increasingly difficult to find: a freestanding business location combining a polished, move-in-ready building, dedicated parking, land and a giant covered flex-storage-vehicle Area, in Downtown Tarpon Springs "Activity Center" zoning. Inside, the property has been completely renovated to create a bright, professional environment that can adapt to far beyond an office. The flexible layout includes private rooms, an open reception or workspace, full kitchen and beautifully finished restroom, creating possibilities for professional services, creative or design studios, wellness and personal services, consulting, real estate, insurance, financial services and other neighborhood-serving businesses, subject to approval of the intended use. The renovation means a new owner can focus on the business rather than immediately taking on a construction project. Improvements include a new roof, new central A/C, tankless water heater, new appliances, updated plumbing and lighting fixtures, luxury vinyl plank flooring and extensively updated interior finishes. But what really separates this property from a conventional leased suite or storefront is what comes beyond the building. The giant covered flex-storage-vehicle area creates valuable space for outside seating, company vehicles, equipment, inventory, supplies, project materials or other business-support needs. Combined with dedicated on-site parking and additional property around the building, it offers an operational flexibility that can be difficult and expensive to duplicate in traditional commercial space. MLS property records identify the accessory improvements as outbuilding, storage and workshop. That combination could be especially appealing to an entrepreneur who needs a customer-facing location in front with room to support the business behind it. Think contractors and trades, property management, inspection services, design firms, sales organizations, service companies or other businesses that need more than desks and a conference room. Location adds another advantage. E Martin Luther King Jr Drive provides an important east-west connection between established Tarpon Springs neighborhoods, the downtown area and the US 19 commercial corridor. Downtown Tarpon Springs, the Historic Sponge Docks, Pinellas Trail, Spring Bayou, restaurants, breweries, marinas and other destinations are nearby, while US 19 provides convenient regional access throughout northern Pinellas and into Pasco County. The immediate area also benefits from continued residential investment, including newer multifamily development directly across the corridor. The property’s "AC – Activity Center" zoning adds to its versatility and long-term potential. Rather than limiting the vision to “office,” the zoning creates an opportunity for a broader range of business concepts. And for the business owner already writing a rent check every month, there is another way to look at this opportunity: instead of paying a landlord, own the location where you’re building your business. Control your space. Avoid being at the mercy of future rent increases. Customize the property around the way you operate. And put those occupancy dollars toward an asset you own. It’s a place to build a business and own the real estate beneath it.

1,244

Building sq ft

$359

Price / sq ft

0.23

Lot acres

1901

Year built

1

Unit

1

Building

AC - ACTIVITY CENTER

Zoning

Office

Property type

Building size1,244 sq ft
Lot size0.23 acres
Year built1901
Units1
Buildings1
ZoningAC - ACTIVITY CENTER
ConstructionWood Frame · Wood Siding
CoolingCentral Air
HeatingCentral
UtilitiesPublic
Annual taxes$4,613

The numbers

Investment snapshot

$447,000

Price / unit

1

Unit

Estimated payment (illustrative)

Down payment25% · $111,750
Interest rate6.00%
Loan term

Estimated payment

$2,554/mo

Principal & interest$2,010
Property taxes (actual bill)$384
Est. insurance$160

Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Financing

Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Anealya to connect you with a commercial lender for real numbers.

Where it sits

Location & trade area

13,900vehicles / day · 2025Virginia Ave to E Tarpon Ave · Traffic count · Florida DOT
5-min drive10-min drive15-min drive

What’s nearby

Walgreenschemist0 mi
Pinellas Avenue South & Martin Luther King Drive Eastbus stop0.1 mi
Pinellas Avenue South & Martin Luther King Drive Eastbus stop0.1 mi
Pinellas Avenue South & Martin Luther King Drive Westbus stop0.1 mi
Pinellas Avenue South & Morgan Street Westbus stop0.1 mi
Pinellas Avenue South & Oakwood Street Westbus stop0.1 mi
Pinellas Avenue South & Safford Avenuebus stop0.2 mi
Winn-DixieGrocery0.2 mi
Anytime Fitnessfitness centre0.2 mi
Pinellas Avenue South & Lime Street Eastbus stop0.2 mi
Rotary ParkPark0.2 mi
Pinellas Avenue South & Lime Street Westbus stop0.2 mi
Rodie'srestaurant0.2 mi
Tarpon Springs Public Librarylibrary0.2 mi
Wells Fargobank0.3 mi
Currents RestaurantRestaurant0.3 mi
Toula's Trailside CafeRestaurant0.3 mi
Dunkin'Restaurant0.3 mi
Neptune LoungeRestaurant0.3 mi
Pinellas Avenue South & Court Street Eastbus stop0.3 mi
Pinellas Avenue South & Meres Boulevardbus stop0.3 mi
Pinellas Avenue South & Court Street Westbus stop0.3 mi
PCSBbus stop0.3 mi
Winn-DixieGrocery0.3 mi

Business data © OpenStreetMap contributors

The area

Who's around this property

96

Population

$44,306

Median income

55

Median age

2

Avg household

$76,899

Median home value

$1,429/mo

Median rent

7%

Households w/ kids

Consumer profile

Girl SquadTop 2%

From girls night out to a movie night in with their closest gal pals, this population is all about getting the girls together for an evening of fun.

Hops & BrewsTop 3%

Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.

Wine LoversTop 6%

It's all about the grape. This population enjoys a trip to the vineyard to learn about wine and sharing a good bottle with friends and family.

BookishTop 7%

Always seeking the next book, article, or poem to read, this activity is prevalent in areas where reading is a way of life. Although a solo activity, the expression of the love of books is a bonding, communal experience.

Whiskey BusinessTop 9%

Characterized by their appreciation for all things whiskey, this population enjoys the classy atmosphere of whiskey drinking and learning about different brands.

Body ArtTop 10%

Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.

Recent sales

What actually sold near 112 E MARTIN LUTHER KING JR DRIVE

The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.

536 E TARPON AVENUE UNIT 5

$205,000

536 E TARPON AVENUE UNIT 5

1,010 sqft · $203/sqft · Sold Jun 20, 2025

1201 N PINELLAS AVENUE

$385,000

1201 N PINELLAS AVENUE

1,001 sqft · $385/sqft · Sold Jul 10, 2026

1935 GRAND BOULEVARD

$22,200

1935 GRAND BOULEVARD

960 sqft · $23/sqft · Sold May 30, 2026

Your team

The pros in your corner

Anealya Hammad

Your agent

Anealya Hammad

REALTOR® · CENTURY 21 Edge

Tours, offers, and every question about 112 E MARTIN LUTHER KING JR DRIVE — start here.

Andrew Acosta

Financing contact

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Ask about commercial financing options for 112 E MARTIN LUTHER KING JR DRIVE.

See it in person

Schedule a tour

Live availability from Anealya's calendar — pick a time and it's booked.

Listing courtesy of PALM LIFE REALTY · Chiyeen Penachio. MLS #TB8545350.

IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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