Address: 655 42nd Avenue N, ST PETERSBURG, FL 33703
Description
Prime Development Opportunity in Greater Allendale Double Lot, NT 1 Zoning, ADU Eligible.
Rare opportunity to acquire a 0.28 acre (90 x 137) double lot in the desirable, high and dry Greater Allendale neighborhood. Zoned NT 1, this property offers potential to subdivide into two oversized buildable parcels, each eligible for a single family residence plus an Accessory Dwelling Unit (ADU).
The existing concrete block 2 bedroom, 2 bath home is well maintained and allows for immediate usability for rental income or interim use while pursuing development plans. Recent updates include HVAC (2024), water heater (2023), impact resistant windows, and an upgraded kitchen with granite countertops and stainless steel appliances.
The expansive corner lot features rear alley access, offering flexibility for future site planning. Located within Greater Allendale, this property benefits from consistent neighborhood demand, proximity to downtown St. Petersburg, and long term redevelopment upside.
Ideal for developers, builders, or investors seeking a low density, infill development opportunity in one of St. Petersburgs most established neighborhoods.
Prime Development Opportunity in Greater Allendale Double Lot, NT 1 Zoning, ADU Eligible.
Rare opportunity to acquire a 0.28 acre (90 x 137) double lot in the desirable, high and dry Greater Allendale neighborhood. Zoned NT 1, this property offers potential to subdivide into two oversized buildable parcels, each eligible for a single family residence plus an Accessory Dwelling Unit (ADU).
The existing concrete block 2 bedroom, 2 bath home is well maintained and allows for immediate usability for rental income or interim use while pursuing development plans. Recent updates include HVAC (2024), water heater (2023), impact resistant windows, and an upgraded kitchen with granite countertops and stainless steel appliances.
The expansive corner lot features rear alley access, offering flexibility for future site planning. Located within Greater Allendale, this property benefits from consistent neighborhood demand, proximity to downtown St. Petersburg, and long term redevelopment upside.
Ideal for developers, builders, or investors seeking a low density, infill development opportunity in one of St. Petersburgs most established neighborhoods.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
Land Information
Lot Features: Corner Lot, Oversized Lot, Sidewalk
School Information
High School: Northeast High-PN
Middle School: Meadowlawn Middle-PN
School Elementary: John M Sexton Elementary-PN
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Sewer: Public Sewer
Utilities: Cable Connected, Sewer Connected, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Country: US
Current Use: Residential
Legal Description: BAY STATE SUB BLK A, LOTS 5 AND 6
WOW! GREAT PRICE to build on one of the BEST streets in Shore Acres! Live on Bayshore Blvdone of Shore Acres most coveted streetsat 4324 Bayshore Blvd, where a rare one third acre lot is ready for you
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