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Property for sale at 1118 S DR MARTIN LUTHER KING JR STREET S, ST PETERSBURG, FL, 33701
Property for sale at 1118 S DR MARTIN LUTHER KING JR STREET S, ST PETERSBURG, FL, 33701
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1118 S Dr Martin Luther King Jr Street SSt Petersburg, FL, 33701

32,400 sqftLot size
Land
$1,400,000
For sale
$2,250,000−$850,000 (38%)
Days on market
126
Listed
Jun 17
Last reduction
−$100,000
Oct 16, 2026
MLS #TB8520535Updated Oct 16, 2026

About this property

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

Property type
Land
Street address
1118 S Dr Martin Luther King Jr Street S
City
St Petersburg
State
FL
ZIP code
33701

Stellar MLSThe data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; the availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.Stellar (MFR) data last updated at October 20, 2026 at 8:01 AM EDT

Price & sale history

Asking price reduced by $850,000 (37.8%) since first listed.

EventPrice
Price reducedMLS #TB8520535$1,400,000Change: −37.8%−$850,000
Listed for saleMLS #TB8520535$2,250,000
History may be incomplete.
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Location

Property for sale at 1118 S DR MARTIN LUTHER KING JR STREET S, ST PETERSBURG, FL, 33701
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