Listing Details for MLS # TB8459034
1005 16th Street N, St Petersburg, Fl 33705

Residential Property - Single Family Residence in St Petersburg

Listing Price: $550,000Days on Market: 64Cumulative Days on Market: 148

Description of Property

Mixed-use investment opportunity in Euclid St. Paul’s, just minutes from downtown St. Petersburg on high-visibility 16th Street corridor. On an oversized, irregular corner lot with alley access, this property is zoned CRT-1 with a PR-MU future land use designation, allowing up to five residential units by right, or seven with a density bonus under NTM-1 standards. The existing four-bedroom, two-bath structure may be converted for multifamily or office use through the city's Change of Use process. Ideal for redevelopment as a duplex, triplex, office or mixed-use configuration. Close to Crescent Lake, MLK Street dining, parks, St. Anthony’s Hospital, USF St. Pete and Interstate 275. City zoning and use documentation available. A rare opportunity for real estate investors seeking flexibility and long-term upside in a central growth corridor.The average asking price for a 4 bedroom/2 bath single family residence in this Zip code is $530,869. This single family residence is listed at about 104% of the average asking price. There are 4 4 bedroom/2 bath homes between $450,000 and $750,000 currently listed for sale in this Zip code. See other listings like this one »