9001 Dr Martin Luther King Jr St., St. Petersburg, FL 33702

Daycare that can be easily converted to 6plex assisted living facility. Zoning allows this to be a multifamily and the kitchens and bathrooms are in place for it to be a multifamily. Potential rent for 6plex is $94,000 a year. This is only 9 min away from St Pete downtown and 15 min from TOP RATED USA beaches. This is a two building property with a large lot (over 17,000+ sq ft.) and plenty of parking space. There are two 2/1s and four 1/1s, each with washer and dryer hook ups. The property is BLOCK and one level with a garden/courtyard in the center. Build a dog park or use it as additional parking or you can even tear the building down and build a two story property, the OPPORTUNITIES ARE ENDLESS. Duplexes down the street are selling for upwards of 300k + (google 781 73rd, 470 93rd and 486 88th- lots of comparables for sales and rents). 2/1s are expected to be rented for $1,250-$1,300 and the 1/1s rent market rates are $1,100. TAMPA BAY IS A HOT MARKET - For the second month in a row, the Tampa-St. Petersburg-Clearwater metro area had the second best job index, according to the Small Business Employment Watch by Paychex. St. Petersburg has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 42.0%, which is higher than the US average of 33.5% (source- bestplaces.net)