McRae Funeral Home

LOCATION DESCRIPTION: The Location is simply superior; the site is on the famed Dr Martin Luther King Street South at 1940 Dr MLK ST S. Dr MLK St. South, formerly known as 9th Street South, is a major corridor that runs the length of the city from Pinellas Point in the south to Tampa Bay to the north to Old Tampa Bay. The Site is in the heart of South St. Pete, surrounded by culture, families, schools, and churches. This area is nationally famous for many churches and its heritage. The site is only minutes away from Downtown St. Petersburg, the interstate, and the waterfront. The address is also super convenient to four hospitals and four colleges.Off-Market Commercial Real Estate Super Rare Find Nationally Turn-Key Funeral Home Real Estate Turn-Key Funeral Home Business St Petersburg Florida Potential 10 Cap for Investors McRae Funeral Home Our Offering is for 100% Turn-Key Funeral Home Real Estate and Funeral Home Business in the exceptional market of St. Petersburg, Florida. The business and the assets come with the purchase of the real estate. There is no extra charge or key charge for the business. The site consists of a 3,881 SF structure on almost a 1/2 acre land mass. The building has a covered canopy drive-thru of 520 SF. The interior of the building is a former functioning funeral home. The floorplan starts with a chapel through exterior double doors. The chapel has an extra room to the right to double the chapel's size when needed. The office and a client lounge are on the front left of the building. On the far left is a complete, livable apartment. Thus, this location presents itself as a "Live / Work" scenario. The back of the house includes an operating embalming room to the left, a prep room in the middle, and an additional supply/stroage room on the right. The signage and street exposure are extremely excellent. Parking is abundant. Please note that the funeral home is not operating at this point but has an extremely loyal and large client base. The business has been operating for 97 years. They are well-established and well-liked. The operation is fully equipped with FF&E, equipment, and decor and is ready to be turned on. The city occupational license is still intact. This site appears to be an excellent investment based on a $25.00 Triple Net Lease. Looks like there should 10 Cap return. Additionally, the building can be used for any other business; it does not have to be a funeral home. The Zoning is generous, allowing for numerous uses, such as retail, office, and multi-family. Zoing is CRT-1 Link: https://library.municode.com/fl/st._petersburg/codes/code_of_ordinances?nodeId=PTIISTPECO_CH16LADERE_S16.20.060CORETRDICR LOCATION DESCRIPTION: The Location is simply superior; the site is on the famed Dr Martin Luther King Street South at 1940 Dr MLK ST S. Dr MLK St. South, formerly known as 9th Street South, is a major corridor that runs the length of the city from Pinellas Point in the south to Tampa Bay to the north to Old Tampa Bay. The Site is in the heart of South St. Pete, surrounded by culture, families, schools, and churches. This area is nationally famous for many churches and its heritage. The site is only minutes away from Downtown St. Petersburg, the interstate, and the waterfront. The address is also super convenient to four hospitals and four colleges.