DEVELOPMENT OPPORTUNITY IN DOWNTOWN ST PETERSBURG, FL | Immediately available 24,326 sf lot in the booming Edge District of Downtown St. Petersburg. This property currently enjoys DC-2 zoning which allows for a variety of redevelopment possibilities including high-rise apartment building, townhomes, condos, hotel, retail or office. This property is also located in an Opportunity Zone which provides for Tax Deferral and partial exclusion on the reinvestment gains if the property is held for 10 years. See the attachment included which gives more information on this matter. FAR starts a 3.0 with the potential of increasing to 7.0. Property adjacent to the recently developed 11-story high, 211-unit Vantage Apartment complex. There are an additional two new high-rise apartment building developments proposed in the immediate area. This site is located just one block north of Central Avenue with all its dining and entertainment establishments. Tropicana Field is just two blocks to the south. There is also a free trolly service, which can transport you to Downtown St. Petersburg, or to the award winning beaches of St. Pete Beach. An adjacent property owner to the north is willing to sell 6,356 sf lot for a combined total site of 30,676 sf. Develop your next project in one of the fastest-growing cities in Florida.
Listing courtesy of ENGEL & VOLKERS ST. PETE.