Specialty Real Estate
1501 Doctor Martin Luther King Junior Street North St Petersburg, FL 33704
Details & Description
Price: $3,600,000
    Sitting on nearly 1/2 acre with frontage on the M.L.K N business corridor, The Empress Motel offers a one of a kind adaptive re-development opportunity. Benefiting from its neighborhood location in close proximity to downtown the bustling Downtown Saint Pete, The Empress is the perfect location for co-living, short term rentals, or a boutique hotel conversion. Owner operating with manager suite on-site, the property has been meticulously maintained, including upgraded roof, newly sealed central pool and deck area, as well as a variety of rooms sizes with most including small kitchenettes in the 33 rooms, with the owners unit available to be split into 2 additional units.
    Listing Agents
    Jake Wollman
    KW Commercial
    O: 727-280-5592
    M: 239-272-7006
    jwollman@kwcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1501 Doctor Martin Luther King Junior Street North

    St Petersburg, FL 33704

    Listing ID: 273964
    • 1501 Doctor Martin Luther King Junior Street North St Petersburg, FL 33704 | for Sale | Photo 1
    • 1501 Doctor Martin Luther King Junior Street North St Petersburg, FL 33704 | for Sale | Photo 2
    • 1501 Doctor Martin Luther King Junior Street North St Petersburg, FL 33704 | for Sale | Photo 3
    1501 Doctor Martin Luther King Junior Street North | for Sale | Thumbnail 1
    1501 Doctor Martin Luther King Junior Street North | for Sale | Thumbnail 2
    1501 Doctor Martin Luther King Junior Street North | for Sale | Thumbnail 3
    Building Size: 16,264 SF
    Lot Size: 0.470 AC
    Land Size: 20,473 SF
    Building $/SF: $221.35
    Land $/SF: $175.84
    Price
    $3,600,000
    Description

    Sitting on nearly 1/2 acre with frontage on the M.L.K N business corridor, The Empress Motel offers a one of a kind adaptive re-development opportunity. Benefiting from its neighborhood location in close proximity to downtown the bustling Downtown Saint Pete, The Empress is the perfect location for co-living, short term rentals, or a boutique hotel conversion. Owner operating with manager suite on-site, the property has been meticulously maintained, including upgraded roof, newly sealed central pool and deck area, as well as a variety of rooms sizes with most including small kitchenettes in the 33 rooms, with the owners unit available to be split into 2 additional units.

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    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    St Petersburg History of Specialty Real Estate for Sale

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    St Petersburg Area Market Trends

    Listing Demographics for 1501 Doctor Martin Luther King Junior Street North St Petersburg, FL 33704

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population18,768128,525281,522
    Population Median Age424343
    Population by Age0-9 Yrs1467 (7%)11614 (9%)27060 (9%)
    10-19 Yrs1509 (8%)12197 (9%)28002 (9%)
    20-29 Yrs2763 (14%)16085 (12%)34489 (12%)
    30-39 Yrs2952 (15%)16874 (13%)37418 (13%)
    40-49 Yrs2432 (12%)16510 (12%)36210 (12%)
    50-59 Yrs3065 (16%)19432 (15%)43123 (15%)
    60-69 Yrs2527 (13%)18329 (14%)38477 (13%)
    70+ Yrs2053 (10%)17484 (13%)36744 (13%)
    Median HH Income$54,049$55,414$56,344
    Total Household Income< 24K2125 (23%)12486 (22%)24754 (21%)
    25-49K2157 (23%)12912 (23%)27264 (23%)
    50-74K1413 (15%)9318 (16%)20496 (17%)
    75-99K986 (10%)6344 (11%)13864 (11%)
    100-199K1612 (17%)10036 (18%)21153 (18%)
    200K+818 (8%)4292 (7%)8399 (7%)
    Highest Education LevelNo Diploma11631003820663
    Diploma or GED29932246255415
    Some College26581940042697
    Assoc. Degree1026881619579
    Bachelors Degree41442233645276
    Higher Degree27131453827753
    Total Housing Units11,47069,079142,551
    --Owner-Occupied4,23533,62075,634
    --Renter-Occupied4,87521,76840,295
    Owner-Occupied Values< 100K173644615533
    100-199K762928223404
    200-299K928558814170
    300-399K74037327062
    400-499K71522653830
    500K+916630711635
    Total Working Age Population16,326109,461237,673
    In Work Force11,08266,881147,290
    Not In Work Force5,24442,58090,382
    Workforce Employed10,46562,623139,022
    Workforce Unemployed5793,9267,593
    Civlian Workforce11,04466,549146,615
    Military Workforce38332676
    Total Households9,11055,388115,929
    Family Households3,70427,74563,302
    Non-Family Households5,40627,64352,627
    Married Couple2,66219,05143,537
    Other Family1,0428,69419,765
    Married w/Child7965,63413,143
    Single Male w/Child541,1712,571
    Single Female w/Child4652,7846,448

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
    Hillsborough County998,948+231,229,226+191,466,803+161,708,550
    Pinellas County921,482-1916,542+7983,883+51,034,290

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1501 Doctor Martin Luther King Junior Street North in St Petersburg?
    The asking price for 1501 Doctor Martin Luther King Junior Street North is $3,600,000
    What is the building size of this Specialty property in St Petersburg, FL?
    The size of the building/unit at 1501 Doctor Martin Luther King Junior Street North in St Petersburg is 16,264 square feet
    How much land does the St Petersburg, FL property at 1501 Doctor Martin Luther King Junior Street North include?
    1501 Doctor Martin Luther King Junior Street North in St Petersburg includes 0.470 acres of land
    What kind of Specialty is the propery at 1501 Doctor Martin Luther King Junior Street North?
    The property at 1501 Doctor Martin Luther King Junior Street North St Petersburg, FL 33704 is listed as a Hotel/Motel/Resort Specialty property
    What is the population within 1 mile of 1501 Doctor Martin Luther King Junior Street North in St Petersburg?
    The population within 1 mile of 1501 Doctor Martin Luther King Junior Street North St Petersburg, FL 33704 is 18,768 people.
    Who do I contact for questions about 1501 Doctor Martin Luther King Junior Street North?
    You should contact the listing agent, Jake Wollman, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Tampa International Airport (TPA) 15
    Sarasota Bradenton International Airport (SRQ) 28
    Orlando International Airport (MCO) 93
    Price
    $3,600,000
    Listing Agent
    More listings from Jake Wollman
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