Property Description

One or more photo(s) has been virtually staged. **THIS LISTING IS FOR ONE LOT ONLY** .12 ACRE NON-CORNER LOT available for $135,000 (up to 3 units) CORNER LOT available for $165,000 Great location just off 22nd Street with highly desirable NTM-1 zoning for high density residential or multifamily development! This vacant and cleared lot features excellent dimensions for development with a 16ft alley way. This property is NOT in a flood zone (zone X) and there is no HOA. Located just 9 minutes to downtown St. Pete, the St. Pete Pier, and less than 15 minutes to multiple beaches, marinas and golf courses. This location is prime for growth and development. NON-CORNER LOT (.12 acres): Allows up to 3 units. Development potential for single or multifamily projects. CORNER LOT: Allows up to 7 units total on the site. The current proposed site plan is for two 2-story duplexes (2 Bed/1.5 Bath, 1,160 Sf each) with two detached 2-Car garages with an ADU (2 Bed/1 bath, 632 Sf each) above each garage (total 6 units). An experienced developer or builder may be able to find an even better build option. Survey for the property and proposed site plan with renderings and pro-forma are in MLS attachments. The current owner is selling the lot(s) as-is for the buyer to build or develop after closing. For an experienced investor this is an excellent build to rent opportunity with positive net cashflow. Buyers, please complete your own due diligence on your potential building costs and verify zoning and building rules with the city of St. Petersburg.

Property Details