1st Ave St Petersburg, FL 33711

Listing details for 1st Ave, St Petersburg, FL 33711 : Unlock the potential of this spacious 0.615-acre vacant double lot in the heart of St. Petersburg, FL, perfectly positioned for a high-density residential project. With site plan approval already approved from the city for 74 apartment units, this expansive property offers an unheard of land cost for each unit basis. Zoned CCS-1, and eligible under the Live Local Act, this lot offers unparalleled advantages, including exceptional density, increased height allowances, generous Floor Area Ratio (FAR), streamlined administrative approvals, special property tax treatments, etc. Strategically located just 10 minutes from pristine beaches and vibrant downtown St. Petersburg, this site offers unmatched accessibility. Residents will enjoy direct access to all forms of public transit, including a nearby SunRunner station, ensuring seamless connectivity. The property sits across the street from the newly announced $100M+ Whitney Village mixed-use development, positioning it at the epicenter of St. Petersburg’s booming growth corridor. All critical due diligence is in place, including a survey, approved site plan, clean Phase I environmental report, and geotechnical report, minimizing risk and accelerating your timeline. The seller is flexible, open to an outright sale or a joint venture (JV) partnership to bring this transformative project to life. Don’t miss this extraordinary opportunity to develop a landmark residential project on this large, prime lot in one of Florida’s most sought-after markets. Buyer to verify all information with the City of St. Petersburg.