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$550,000

  • Sold
  • Closed
  • Business
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HUGE PRICE REPOSITION! Take advantage of this unique opportunity to own a corner lot property with endless potential! Formerly McRae's Funeral Home, this well-established facility has served as a trusted cornerstone in the community, providing hundreds of families with burial services. Now, you can transform this 3,881 sq. ft. property into a multi-family dwelling or bring it back to life as a thriving funeral home. Key Features: "¢ Building Size: 3,881 sq. ft. single-story structure "¢ Flexible Space: Ideal for a funeral home or easily adaptable for multi-family living "¢ Living Quarters: Includes a 2-bedroom, 1-bath unit with a full kitchen, perfect for on-site management "¢ Renovation Potential: Quickly adaptable to modern funeral services, including virtual options for convenience and outreach "¢ Prime Location: Situated on a corner lot with high visibility and easy access Whether you wish to continue the legacy of McRae's Funeral Home or explore new possibilities for this prime piece of real estate, the potential is limitless

Full Property Details for 1940 Dr Martin Luther King Jr Street S

General

  • Sold For: $550,000
  • Taxes: $7,036 (2024)
  • Status: Closed
  • Type: Business
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8362671
  • Added to Site: 308 day(s) ago

Location

  • Area: 33705 - St Pete
  • County: Pinellas
  • Development Name: 33705 - St Pete
  • Subdivision: GLENWOOD PARK
  • Driving Directions: Property is located on the corner of Dr. MLK and 19th St S

Community

  • Community Name: 33705 - St Pete

Heating & Cooling

  • Cooling Type: Central Air

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block
  • Square Feet: 4,401
  • Living Area: 4,401 Sq. Ft.
  • Year Built: 1976

Lot Features

  • Lot Size (Acres): 0.46
  • Lot Size (Sq. Ft.): 20,112
  • Lot Size: 20112
  • Lot Dimensions: 125 x 161
  • Frontage: City Street
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $7,036.82
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Partnership
  • Special Conditions: None
  • Legal Description: GLENWOOD PARK BLK A, LOTS 1, 2, 3 AND 4
  • Flood Zone Info: x
  • APN: 303117312840010010
  • Property ID: 303117312840010010
  • Block/Lot/Section: A

Listed by Right Turn Realty
Sold by Coastal Properties Group

Listing agent

— 1940 Dr Martin Luther King Jr Street S —

  • Right Turn Realty

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1940 Dr Martin Luther King Jr Street S

School District:Pinellas County School District
NameGradesDistance
Campbell Park Elementary School
1051 7th Ave S, St. Petersburg, FL 33705
PK-50.9 mi
John Hopkins Middle School
701 16th St S, St. Petersburg, FL 33705
6-81.1 mi
Lakewood High School
1400 54th Ave S, St. Petersburg, FL 33705
9-122.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1940 Dr Martin Luther King Jr Street S

Date
Details
Price
Change
Source
1/15/2026
Sold
$550,000
-21.43%
MLS
7/03/2025
Price Reduced
$700,000
-17.65%
MLS
3/16/2025
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Right Turn Realty
Sold by Coastal Properties Group

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1940 Dr Martin Luther King Jr Street S, Saint Petersburg, FL 33705 (MLS# TB8362671) is a Business property that was sold at $550,000 on January 15, 2026. Want to learn more about 1940 Dr Martin Luther King Jr Street S? Do you have questions about finding other Business real estate for sale in Saint Petersburg? You can browse all Saint Petersburg real estate or contact a Coldwell Banker agent to request more information.