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Active - Land for sale

1118 S DR MARTIN LUTHER KING JR STREET S, St. Petersburg, FL

Facts & features

Land Property type
151 days on Beycome
32,400 sqft Lot size

Why you’ll love it

Exceptional development opportunity in Historic Roser Park, one of St. Petersburg’s most distinctive and sought-after neighborhoods. This rare assemblage consists of five contiguous lots totaling approximately 32,500± SF (250’ x 130’) with 250 feet of frontage and located in a desirable X Flood Zone. Positioned just minutes from Downtown St. Petersburg, Bayfront Health, Johns Hopkins All Children’s Hospital, the Innovation District, USF St. Petersburg, and the vibrant Central Avenue corridor, the site offers outstanding accessibility and long-term growth potential. The property is mixed-use capable with development flexibility and potential FAR benefits through residential rental incentives. Opportunities of this scale are increasingly difficult to find within established urban neighborhoods, particularly in Roser Park, a historic enclave of approximately 130 homes known for its character, walkability, and proximity to downtown amenities. Ideal for luxury townhomes, multifamily, mixed-use, workforce housing, or a signature infill development. A separate fully designed 18-unit development concept and supporting due diligence materials may be available to qualified purchasers. Buyer to verify all zoning, density, FAR, land use, development rights, and intended use with the City of St. Petersburg. Rare scale. Exceptional location. Significant development potential.

Translating description...

Listings courtesy of SERHANT as distributed by MLS GRID.

Listed by: Nick Janovsky • nickj@serhant.com • SERHANT

Co-listed by: SERHANT

Source: Stellar MLS as distributed by MLS GRID, MLS#: TB8520535 Stellar MLS as distributed by MLS GRID logo

Based on info available as of Nov 14, 2026 at 2:01 PM EST.

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Affordability

$910,000$1,890,000
1%20%
0%90%
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Estimated monthly payment

$7,430/mo

  • Mortgage$7,079
  • Property tax$351
  • HOA fee
  • Homeowners insurance
Due at closing$1,113,000
Down payment held in escrow$280,000
Closing costs$21,000
beycome credit Est.$28,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

About Grahams T W Sub

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This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.

Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

Based on information submitted to the MLS GRID as of Nov 14, 2026 at 02:01pm EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

$1,400,000 Listed price

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$28,000 Credit back

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