We received multiple offers. Please submit your highest and best on your initial offer! Discover an exceptional investment opportunity in the heart of St. Pete's Magnolia Heights. This unique property offers a sizable 78x85 lot, primarily valuable for its land, zoned for multifamily use. Currently, the lot hosts a single-family home at 1,180 square feet and a separate, detached accessory dwelling unit that is 386 square feet with a bedroom and bathroom. These structures, featuring classic wood flooring, require extensive renovation, positioning this property as an ideal prospect for a complete redevelopment project. The real allure of this property lies in its location and potential. Situated in the bustling heart of St. Pete, Magnolia Heights is just minutes away from key attractions and amenities. You're within easy reach of Lowe's, Trader Joe's, the enchanting Sunken Gardens, and the Vinoy Golf Club. For sports enthusiasts, the proximity to Tropicana Field, home of the Tampa Bay Rays baseball team, adds a touch of excitement. Healthcare facilities are conveniently nearby, and the beauty of Vinoy Park and the St. Pete Pier are just a short drive away. This property represents a not-to-be-missed chance for builders and investors. With its spacious land and premium location, it's an ideal setting for either a multifamily development or a bespoke residential project. Embrace the opportunity to transform this Magnolia Heights gem into a vibrant new addition to the St. Pete community.
Listing courtesy of KELLER WILLIAMS TAMPA PROP.. 813-264-7754
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