Description

** Rare Development Opportunity - St. Pete Beach**This property represents a truly rare offering on Gulf Blvd, where it is almost impossible to find parcels of this size-approximately 0.56 acres-along this highly sought-after location. Property currently has an abandoned 10 unit apartment building on a portion of the land, which if renovated would be grandfathered in at the 10 units or tear down and develop with the rest of the land.This property offers a unique and highly valuable advantage rarely found on St. Pete Beach-providing developers with a distinct path to maximize returns, which is difficult to replicate in this market.The property is located within a designated redevelopment Corridor along Gulf Blvd, one of the few streets in St. Pete Beach that permits increased residential density when combined with ground-floor commercial use.Unlike most properties limited to 12 units per acre, this zoning allows for a higher-density mixed-use project, creating the opportunity for: More residential units Ground-floor retail income Stronger overall project returns Why This Property Stands Out: Residential with mixed-use development Ability to increase density beyond typical zoning limits Opportunity to create multiple income streams You're not just buying land, you're acquiring the opportunity for additional density, flexibility, and income potential in a supply-constrained coastal market.