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Residential Land for Sale in St. Petersburg, Florida

1118 S Dr Martin Luther King JR St S, St. Petersburg, FL 33701

$2,250,000
0.85 acres
Active sale
ago
Est $15,518/mo

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.

Location

Street address
1118 S Dr Martin Luther King JR St S
Zip code
33701
Community
Grahams T W Sub
Elevation
46 feet
Coordinates
27.7589, -82.6463

Directions

MLK, 9th ave s to 11th st s, turn left, land is on the right

Property details

Lot size
0.85 acres37,026 sq ft
MLS #
MFRMLS TB8520535
Posted

Property taxes

2025
$4,208

Parcels

  • 30-31-17-32490-000-0010

Legal description

Resources

Listing history

DateEventPriceChangeSource
June 18, 2026New listing$2,250,000MFRMLS
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This 0.85-acre property is located at 1118 S Dr Martin Luther King JR St S in St. Petersburg, FL 33701. The land is available for sale, priced at $2,250,000.

Listed by Serhant, (646) 480-7665

Checked 3 hours agoUpdated Source

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