Commercial property in Saint Petersburg, Florida 192.77 sq.m. № 1651771

Property description

Currently a cash flowing duplex with tenants in place with incredible future land development potential! A true triple lot (150x110) that is zoned CCS-1, which allows for 15 units/acre for a highest and best use redevelopment of 3 luxury single family homes or 6 townhomes. The CCS-1 zoning code promotes a 36 ft building height, a Floor Area Ratio of 0.55, and impervious coverage ratio of 0.85, and 20 foot interior setbacks. Based on this analysis, the redevelopment would be for 3 single family homes measuring around 3,000 SqFt or 6 townhomes measuring around 2,000 SqFt. Resale value for the townhomes would be around $700,000 per townhome or $1,000,000 per single family home. The property currently has two single family residences that are being rented. his offering is for the land only. Permits and plans are not available. Renderings are artistic representation only. Verify all zoning information with the City of St Pete. Don’t delay, call today and take advantage of one of the last remaining oversized land values in St Pete!