2762 1st Avenue S, St Petersburg, FL 33712

Property Description

Prime development and investment opportunity in one of St. Petersburg’s fastest-rising urban corridors. This nearly 10,000 SF double corner lot is zoned CRT-1, allowing up to five units. CRT-1 allows for a roof peak height of up to 36 feet for this lot, creating strong potential for a three-story project. The corner configuration creates a major advantage for site planning, allowing for enhanced frontage, additional windows, more natural light, larger outdoor living spaces, and stronger overall curb appeal. Surrounded by new luxury homes, modern townhomes, and ongoing development, the property is ideally positioned for builders, developers, or investors seeking to capitalize on the continued growth of the Grand Central and Palmetto Park corridor. For those looking to secure land in a neighborhood on the rise, this site also offers compelling long-term value as the surrounding area continues to transform. Located just minutes from Central Avenue, Downtown St. Petersburg, the SunRunner, and the Tropicana Field / Historic Gas Plant District redevelopment area, the property benefits from proximity to some of the city’s most significant lifestyle and redevelopment drivers. With select nearby new construction homes selling for over $1.5M, this is a rare opportunity to acquire a highly functional double corner lot in the path of growth.