1201 DR MARTIN LUTHER KING JR STREET N, St Petersburg, FL 33701

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.

Listing Status:

Active

Date Added:

March 25, 2026

Data Last Updated:

May 26, 2026 at 2:21AM

Listing Office:

BHHS FLORIDA PROPERTIES GROUP : 813-694-7505

Listing Agent:

Everett Vance, Jr : 727-686-7413

MLS ID:

TB8490694

Location

• Road/Access: City Street
• Originating MLS: Stellar MLS
• County: Pinellas

Lot

• Zoning: EAST VIEW ADDITION LOTS 1 AND 218-31-17-24174-000-0010
• Current Use: Commercial

Utilities

• Utilities: BB/HS Internet Capable
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple