811 Dr. Martin Luther King Jr St S

Investment Highlights

Turnkey high income producing restaurant property Road frontage on busy MLK Jr. St. S. Popular neighborhood take out restaurant with repeat clientele

Executive Summary

High income producing turnkey popular take out restaurant in Downtown, St. Petersburg. Perfect property for a owner/user or an investor with a vision to construct a new building structure. The property is ideally located across the street from exclusive million dollars homes of Roser Park. The restaurant sits on .40 acres. Well over 16 parking spaces. All business equipment freezers , coolers, fryers, shelves, stoves, cash register conveys with the sale of the property. Cash of cash return on this investment property is within 3 years if ran as a Chinese and wings restaurant business. Redevelopment is sprawling all over South St. Petersburg. Don't lose out, get your share today!

• Sale Type    Investment or Owner User
• Sale Conditions    1031 Exchange 1031 Exchange Sale Leaseback Build to Suit 1031 Exchange
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Convenience Store General Retail Restaurant Fast Food
• Building Size    1,224
• Building Class    C
• Year Built    1970
• Price    1,299,000
• Price Per SF    1,061
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    0.40 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Pylon Sign