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Active Land

1118 S DR MARTIN LUTHER KING JR STREET

St Petersburg, FL 33701

STELLAR #TB8520535 Updated: Jun 24, 2026, 9:08pm
$2,000,000
0 Beds • 0 Baths • 0 SqFt
Property
ActiveLand
1/5
$2,000,000

1118 S DR MARTIN LUTHER KING JR STREET

St Petersburg, FL 33701
0
Beds
0
Baths
0
SqFt
0.85
Acres
STELLAR
#TB8520535
Updated: Jun 24, 2026, 9:08pm

Property Description

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.
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Property Details

Site & Exterior
Current Use
Mixed Use
Flood Zone Code
X
I D X Participation
Yes
Lot Features
Oversized Lot
Lot Size Acres
0.85
Lot Size Area
32400
Lot Size Dimensions
250 x 130
Lot Size Square Feet
32400
Lot Size Units
Square Feet
Number Of Lots
5
Public Survey Range
17
Public Survey Section
30
Road Frontage Type
Access RoadAlleyBusiness DistrictCity StreetPrivate RoadOther
Road Surface Type
Paved
Sewer
Public Sewer
Total Acreage
1/2 to less than 1
Utilities
Public
Water Source
Public
Financials
Additional Parcels
Yes
Additional Parcels Description
yes
Calculated List Price By Calculated Sq Ft
61.73
Contract Status Change Date
2026-06-17
Current Price
2000000
Feed Types
BBO
Owner Name
BLUE NIGHT OWL LLC
Ownership
Fee Simple
Parcel Number
303117324900000010
Price Per Acre
2352941
Public Survey Township
31
Tax Annual Amount
4207.55
Tax Block
12345
Tax Book Number
1-15
Tax Legal Description
GRAHAM'S, T. W. SUB LOTS 1 AND 2 LESS RD R/W
Tax Lot
Yes
Tax Year
2025
Construction
Building Area Units
Square Feet
Living Area Units
Square Feet

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33701 - St Pete
Subdivision Name
GRAHAMS T W SUB
Listing provided courtesy of STELLAR via IDX. Updated: Jun 24, 2026, 9:08pm.
Nick Janovsky

Listing Agent

SERHANT

Call Agent
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