4754 1ST AVENUE N ST PETERSBURG FL 33713 MLS #TB8493253

Calling all developers or investors looking for a lucrative covered land opportuntiy priced at pre-zoning change values. This 3-bedroom, 2-bathroom home with a detached garage is located within a designated Activity Center just a quarter mile from the SunRunner rapid transit line, directly in the path of a significant zoning change that now allow buildings up to 86 feet tall and up to a FAR of 5.0 (allowing 25,000 square feet), with no minimum parking requirements. Developers and investors: this is a classic covered land play, collect rental income on the existing home while positioning for a mid-rise or mixed-use development as the surrounding corridor transforms into the walkable, mixed-use district it’s being rezoned to become. The detached garage offers strong conversion potential into a 1-bedroom, 1-bathroom rental unit as well, adding income to your investment. For the homeowner or flipper, this is a solid residence in a neighborhood on the verge of a major shift, live here, rent it, or hold it. Priced before the market catches up.