LOT SIZE 0.280 acres
MLS#TB8474192
STATUSPending
PROPERTY TYPELand - Residential
SUBDIVISIONBAY STATE
Property Description
Under contract-accepting backup offers. Price Improvement - Prime Development Opportunity in Greater Allendale! Subdividable and ADU eligible - NT-1 zoningNow 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.
Property Features
Property Type: Land - Residential
Lot Size: 0.28 Acres
Taxes: $1,406
Feature Descriptions
Days on Site: 157
Directions: From 4th Street: Head West on 42nd Ave N. Property will be on the corner of 7th Street and 42nd Ave.
Flood Zone Code: X
Home Warranty Y/N: No
Lot: Corner Lot, Oversized Lot, Sidewalk
Lot Dimensions: 0.28
Number of Wells: 1
Ownership: Fee Simple
Property Attached Y/N: No
Sewer: Public Sewer
Showing Instructions: Supra Lock Box, Appointment Only
Special Sale Provisions: None
Utilities: Cable Connected, Sewer Connected, Water Connected
Vegetation: Mature Landscaping
Water: Public
Water Access Y/N: No
Zoning: NT-1
Local Schools
High School: Northeast High-PN
Middle School: Meadowlawn Middle-PN
Elementary School: John M Sexton Elementary-PN
Listed By / Shown By
Listed By
Agency Name: DALTON WADE INC
Agency Contact: 888-668-8283
Shown By
Agent Name: Martie Mitchell
Agent Phone: Cell: (386) 310-3166
Agency Title: Adams Cameron & Co. REALTORS
Estimate Your Payment
Estimated Payment
$ 3,962.82 per month $3,645.86 Principal & Interest $117.17 Property Tax $199.79 Homeowner's InsuranceChange Payment Information
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655 42nd Avenue N | MLS# TB8474192
This land located at 655 42nd Avenue N, Saint Petersburg, FL 33703 is currently listed for sale with an asking price of $685,000. The property has approximately 0.28 Acres. Search Saint Petersburg real estate on www.welcomehomedaytona.com today.