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250 Dr Martin Luther King Jr St N 2,080 SF of Retail Space Available in Saint Petersburg, FL 33705
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 250 | 2,080 SF | 5-10 Years | $37.00 /SF/YR $3.08 /SF/MO $76,960 /YR $6,413 /MO | Modified Gross |
1st Floor, Ste 250
We are pleased to offer 2,080 SF of prime restaurant space near downtown St. Petersburg. Excellent visibility at the highly traveled intersection of Dr. MLK Jr. St N and 2nd Ave N, just two blocks North of Central Avenue. Bring your restaurant to this desirable and well known location previously occupied by the historic Coney Island restaurant. The space has an open layout, high ceilings, newer roof, updated HVAC, and electric. Parking is abundant on-site as well as free street parking. Signage on the building is also available. Neighbors include Rare Body Pilates, Fire Flow, Haus of Chantel and Central Oak Barber Co. Outdoor area is available for possible patio seating. This space is in need of some TLC and the Landlord will provide TI and other incentives for highly qualified restaurant tenants.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Space In Need of Renovation
- Central Air Conditioning
- Prime downtown location, 2 blocks from Central Ave
- Great visibility on Dr. MLK Jr. St N
- Dense urban area with 5,500 multi family units
- Abundant on-site parking & free street parking
- Space is open with high ceilings, new roof & HVAC
- Indoor/outdoor area for potential patio seating
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 250 DR MARTIN LUTHER KING JR ST N, SAINT PETERSBURG, FL 33705
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Coney Island Sandwich Shop
- Restaurant
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Coney Island Sandwich Shop | Restaurant | 1 | - |
PROPERTY FACTS
| Total Space Available | 2,080 SF | Gross Leasable Area | 2,080 SF |
| Property Type | Retail | Year Built | 1920 |
| Property Subtype | Restaurant | Parking Ratio | 5.29/1,000 SF |
| Total Space Available | 2,080 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,080 SF |
| Year Built | 1920 |
| Parking Ratio | 5.29/1,000 SF |
ABOUT THE PROPERTY
Positioned just two blocks north of Central Avenue in downtown St. Petersburg, this iconic restaurant space offers a rare opportunity to lease in one of the city’s most vibrant corridors. Located at the intersection of Dr. MLK Jr St N and 2nd Ave N, the site benefits from high visibility and traffic counts exceeding 11,000 cars per day. The surrounding area is walkable and densely populated, with over 5,500 multifamily units and condos nearby. Household incomes within a one-mile radius average over $113,000, supporting strong consumer spending potential. Neighboring tenants include Rare Body Pilates, Fire Flow Yoga, Haus of Chantel, and Central Oak Barber Co.
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
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250 Dr Martin Luther King Jr St N
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