Land Opportunity in Saint Petersburg, FL 🌳

Parcel Number: 11-31-16-08064-002-0150

Property Details:

• Lot Size: 9,060 sqft
• Zoning: NT-1 (Accessory dwelling units, such as garage apartments, are allowed)
• Asking Price: $150,000
• EMD: $5,000

Property Description:

• Legal Description: BENGER'S SUB BLK B, LOT 15 & S 1/2 OF LOT 16
• Condition: The existing structure on the lot is deemed uninhabitable and needs to be torn down.

Investment Overview:

• Development Potential: The NT-1 zoning allows for accessory dwelling units (ADUs), including garage apartments, making this lot an excellent opportunity for investors or developers interested in creating a multi-unit property or a primary residence with an additional rental income stream.
• Prime Location: Situated in a desirable area of Saint Petersburg, this lot offers easy access to local amenities, schools, and transportation, making it an attractive location for future development.

Opportunity Highlights:

• Tear-Down and Build New: Given the condition of the existing structure, the primary value lies in the land. This is a blank canvas for developers to design and build a new structure that suits the local market demand.
• Accessory Dwelling Units (ADUs): The NT-1 zoning provides the flexibility to add an accessory dwelling unit, increasing the potential rental income or providing additional space for family or guests.

Contact Us:

📞 Interested in this development opportunity? Contact us for more details or to discuss potential plans for the property.

Disclaimer:

This company has a direct contract with the seller. Legal action will be taken against anyone who contacts the seller directly. The property is sold as-is, with the buyer responsible for all closing and escrow costs. Buyers must conduct their own due diligence. No guarantees are made regarding property condition, value, or benefits. This is an assignment of contract with exclusive rights to purchase. We are not brokers and do not represent the seller. Contacting the owner without our consent will result in legal action. Buyers should verify all permits and information with the city/county building department.