Culinary Gem with Expansion Opportunity

Asking Price$600,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,056,314

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$2,475,000
Not included in asking price
listing imageSave

Culinary Gem with Expansion Opportunity


Asking Price$600,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,056,314

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$2,475,000
Not included in asking price

Seller Financing Available
Business Description
Renovated Commercial Assemblage in MLK North Corridor | 1225 & 1241 Dr. MLK Jr. Street N, St. Petersburg, FL

Two Freestanding Buildings | ±7,555 Total Heated SF | ±0.41 Acres (17,439 SF)

This offering includes two contiguous parcels totaling ±0.41 acres (17,439 SF) with combined dimensions of 150’ x 122.5’ on a high-visibility stretch of Dr. Martin Luther King Jr. Street North. The assemblage features two historic, well-maintained commercial buildings offering a mix of existing rental income, end-user potential, and redevelopment flexibility. Both the real estate and the operating business are available for sale—either bundled or on their own.

Call listing agent for more details on the potential to acquire the business as well as creative financing and partnership opportunity.

PROPERTY OVERVIEW:
1225 Dr. MLK Jr. Street N
±2,229 Heated SF | ±2,499 Gross SF
Land size: 6,072 SF (0.13 acres)
Built: 1920
Use: Restaurant/Café (tenant in place – do not disturb)
Outdoor seating and updated interiors

1241 Dr. MLK Jr. Street N
±5,056 Heated SF | ±5,272 Gross SF
Land size: 11,367 SF (0.28 acres)
Built: 1915
Use: Store with Office/Apartment (formerly used as a vintage market)
Zoned Mixed-Use – convertible to salon/spa, creative office, gallery, or short-term rental
LOCATION ADVANTAGES:

Nestled between Crescent Lake and Historic Uptown, these parcels sit on the high-traffic MLK North Corridor, known for its pedestrian activity and growing list of destination businesses.
Nearby neighbors include:
Hooks Sushi, Nitally’s ThaiMex Cuisine, and Uptown Eats
Gayoso Plastic Surgery, DermaClinique, and other boutique medical and wellness providers
Walkable access to Crescent Lake Park and surrounding residential neighborhoods
Minutes from Downtown St. Petersburg, Central Ave, and I-275 access

DEVELOPMENT & INVESTMENT FLEXIBILITY:
Total land: ±17,439 SF (0.41 acres) across two legal parcels
Combined lot dimensions: 150’ x 122.5’
Zoned CRT-1 (Corridor Residential Traditional)
Permitted uses include: residential, retail, restaurant, personal services, professional office, and short-term rental
Potential for luxury townhome development, live/work lofts, or hospitality concept with mixed-use

DISCLAIMER:
The information provided herein is deemed reliable but is not guaranteed. Buyers are solely responsible for verifying all zoning, land use, building regulations, and development feasibility with the City of St. Petersburg and applicable authorities. Seller and broker make no representations or warranties regarding future use or entitlements.
For site tours, zoning guidance, or marketing materials, contact the listing team directly.
About the Business
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
7,555
About the Sale
Seller Motivation
Family and Health
Transition Support
Seller will provide support and training.
Financing Options
Seller Financing Available to Qualified Buyers. Subject to Buyer Financials.
Listing Info
ID
2312363
Listing Views
680
Attached DocumentsAttachment Disclaimer

KW _ Brochure _LBB and Market.pdf

Business Location

Contact Seller

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Business Listed by: Jake Wollman - KW Commercial

Listing ID: 2312363 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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