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655 42ND AVENUE N

ST PETERSBURG, FL 33703

MLS#: TB8474192

$685,000

Status: Active
Listing number: TB8474192
Listing provided by: DALTON WADE INC
Listing agent phone: None
Last update: 18 days ago
On site: 3 months ago
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BAY STATE SUB - Land

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

0.28 acres

Price Improvement – Prime Development Opportunity in Greater Allendale! Subdividable and ADU eligible - NT-1 zoning Now offered at an improved price, this rare 0.28-acre (90 x 137) double lot in the highly desirable, high-and-dry Greater Allendale neighborhood presents exceptional potential for builders, developers, and investors. Zoned NT-1, the property offers the opportunity to subdivide into two oversized buildable parcels, each eligible for a single-family residence plus an Accessory Dwelling Unit (ADU). The existing well-maintained concrete block 2-bedroom, 2-bath home provides immediate usability for rental income, owner occupancy, or interim use while development plans are finalized. Recent upgrades include HVAC (2024), water heater (2023), impact-resistant windows, and an updated kitchen with granite countertops and stainless steel appliances. Positioned on an expansive corner lot with rear alley access, the property offers added flexibility for site planning, access, and future construction. Located in one of St. Petersburg’s most established and sought-after neighborhoods, Greater Allendale continues to see strong demand thanks to its charm, high elevation, and close proximity to downtown. Whether you are looking for an infill development opportunity, long-term hold, or value-add investment, this property delivers location, flexibility, and upside that rarely come available.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.28

  • Lot Size(square feet)

    12330.0

  • Property Type

    Land

Price

  • Sales Price

    $685,000

  • Tax Amount

    $1,406.35

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    John M Sexton Elementary-PN

  • Middle School

    Meadowlawn Middle-PN

  • High School

    Northeast High-PN

Property Features

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    0050

  • Water Source

    Public

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Location

County

Pinellas

Elementary School

John M Sexton Elementary-PN

Middle School

Meadowlawn Middle-PN

High School

Northeast High-PN

Listing Courtesy of Ashley Frazier , DALTON WADE INC

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Price Improvement – Prime Development Opportunity in Greater Allendale! Subdividable and ADU eligible - NT-1 zoning Now offered at an improved price, this rare 0.28-acre (90 x 137) double lot in the highly desirable, high-and-dry Greater Allendale neighborhood presents exceptional potential for builders, developers, and investors. Zoned NT-1, the property offers the opportunity to subdivide into two oversized buildable parcels, each eligible for a single-family residence plus an Accessory Dwelling Unit (ADU). The existing well-maintained concrete block 2-bedroom, 2-bath home provides immediate usability for rental income, owner occupancy, or interim use while development plans are finalized. Recent upgrades include HVAC (2024), water heater (2023), impact-resistant windows, and an updated kitchen with granite countertops and stainless steel appliances. Positioned on an expansive corner lot with rear alley access, the property offers added flexibility for site planning, access, and future construction. Located in one of St. Petersburg’s most established and sought-after neighborhoods, Greater Allendale continues to see strong demand thanks to its charm, high elevation, and close proximity to downtown. Whether you are looking for an infill development opportunity, long-term hold, or value-add investment, this property delivers location, flexibility, and upside that rarely come available.

655 42ND AVENUE N

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Water view and quick water access multi story home or homes, multiple town homes, or multi family can be developed on this vacant land. Versatile zoning offers many options to realize a worthwhile return on your investment. Four to six units total are possible on this lot as condos, apartments, or town homes pending whether it is developed as purely market rate units, workforce/attainable units, or a mixture. A partial water view is possible from second floor, third floor, and/or a walkout rooftop deck. You can also build a sizeable primary home or design with the intent to “house hack.” This neighborhood is transitioning in value rapidly! It is your responsibility to confirm all of what this zoning allows with The City of St. Petersburg zoning department.
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