Rarely does a St. Petersburg, FL property have a value-add play that comes packaged with this kind of land. Situated on a generous 7,810 sq ft lot and zoned NTM-1, it currently has an income producing duplex with the immediate upside of a longer-term development runway plan that sets it apart from comparable multifamily offerings in the area….. The current duplex is occupied in one unit, providing you with immediate income while you execute your next stage plans for the property. The zoning for this property allows up to a FIVE-Unit density. Renovate and stabilize the current units while pursuing your next expansion. The land is such a valuable asset, being zoned NTM-1 in this location on one of St Pete’s most vibrant commercial corridor is increasingly hard to find at this price point….. The location is prime time. Central Avenue is essentially out the front door, putting the property within easy walking / biking distance of some of St. Pete's most celebrated independent dining and coffee shops. For groceries, Mazzaro's Italian Market a beloved St. Pete institution with nearly 9,000 five-star reviews is a short drive north, along with Earth Origins, Trader Joe’s, Publix and The Fresh Market. Vibrant downtown St Petersburg’s waterfront, Vinoy Park, and the St. Pete Pier are less than four miles east….. This is a property for the buyer who understands that in St. Petersburg's current market, well-zoned land near Central Avenue is rare. Bring your contractor, your architect, your vision, the bones are here. The zoning is already working in your favor….. NOT IN A FLOOD ZONE | Main Roof 2021, Side Roof 2019 | Tented for Termites in 2017 | Upstairs HVAC 2017, Downstairs HVAC 2025, for in depth property details, request the Property Info Book. Be sure to schedule your appointment today.
Listing courtesy of EXP REALTY LLC. 888-883-8509
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