Property Description

!!!OPPORTUNITY AWAITS!!! The City of St. Petersburg has approved the lot split, and the Buildable Lot Letter is in hand. This unique property may be divided into two buildable lots or kept as one oversized homesite, providing exceptional flexibility for development or a custom dream home. Prime Double Lot in Historic Old Southeast – 10,080 Sq Ft - High and Dry! Exceptional infill opportunity in the highly desirable Old Southeast neighborhood of St. Petersburg. This rare 10,080 sq. ft. double lot offers incredible flexibility for builders, investors, or end users looking to create something special. Build one expansive custom dream home on the full parcel, or take advantage of the potential to split into two separate single-family lots. The property is zoned NT-2, allowing for a single-family residence plus an ADU. The lot split will require a variance. The existing structure sustained fire damage and the demolition permit is in hand, saving the builder two months. For builders, the numbers make sense — the all-in site acquisition cost comes in at approximately 25% or less of projected finished value, creating strong margin potential in one of St. Pete’s most sought-after neighborhoods. Located just minutes from downtown, waterfront parks, Lassing Park, and the vibrant arts and dining scene, this is a rare chance to secure a double lot in a mature, high-demand area. Opportunities like this in Old Southeast don’t come around often. Build big, build smart, or build twice.

Property Details