Commercial Sale · Retail
1139 DR MARTIN LUTHER KING JR STREET S, ST PETERSBURG, FL, 33705
Active30 days on marketListed Jul 22, 2026MLS #W7886147
About this property
The property at a glance
INCOME OR DEVELOPMENT OPPORTUNITY on a busy road near downtown St Petersburg. This listing includes the vacant lot next door 1131 Dr Martin Luther King. Current tenants and income generation on the property, great potential for redevelopment with CCT-1 zoning in place. Also located in the Opportunity Zone.
2,350
Building sq ft
$298
Price / sq ft
0.16
Lot acres
1956
Year built
1
Building
Retail
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$3,789/mo
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 Nicholas to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
1,930
Population
$20,047
Median income
30
Median age
3
Avg household
$168,328
Median home value
$1,109/mo
Median rent
216
Households w/ kids
Consumer profile
Politically aware, this population is interested in civic issues on both the local and national level. They often discuss candidates for office, taxes, and political ideologies.
This population seeks to advocate for a more just world. Common activities include protests, rallies, and spreading awareness to the public about social justice issues.
Good stewards of the earth, this population advocates for a cleaner environment and responsible use of resources. They often encourage others to recycle and use clean energy.
Dropping the beat and raising the roof, this population enjoys everything hip hop culture has to offer, including music, dance moves, and fashion.
This population enjoys thinking about past historical events, including family genealogy, landmarks, and political affairs.
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.
Recent sales
What actually sold near 1139 DR MARTIN LUTHER KING JR STREET S
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$70,385
780 CENTRAL AVENUE
2,011 sqft · $35/sqft · Sold Sep 23, 2024
$62,700
2608 CENTRAL AVENUE
2,850 sqft · $22/sqft · Sold Apr 7, 2025
$217,375
922 DR MARTIN LUTHER KING JR STREET S
1,784 sqft · $122/sqft · Sold Oct 3, 2025
Your team
The pros in your corner
Your agent
Nicholas Giaccone
Director of Agent Success · CENTURY 21 Edge
Tours, offers, and every question about 1139 DR MARTIN LUTHER KING JR STREET S — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1139 DR MARTIN LUTHER KING JR STREET S.
See it in person
Schedule a tour
Live availability from Nicholas's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of NAMASTE REALTY LLC · Frederic Samson. MLS #W7886147.
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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