
Residential Land for Sale in St. Petersburg, Florida
655 42nd Ave N, St. Petersburg, FL 33703
Prime Development Opportunity in Greater Allendale - Double Lot, NT-1 Zoning, ADU-Eligible.
Rare opportunity to acquire a 0.28-acre (90 x 137) double lot in the desirable, high-and-dry Greater Allendale neighborhood. Zoned NT-1, this property offers potential to subdivide into two oversized buildable parcels, each eligible for a single-family residence plus an Accessory Dwelling Unit (ADU).
The existing concrete block 2-bedroom, 2-bath home is well maintained and allows for immediate usability for rental income or interim use while pursuing development plans. Recent updates include HVAC (2024), water heater (2023), impact-resistant windows, and an upgraded kitchen with granite countertops and stainless-steel appliances.
The expansive corner lot features rear alley access, offering flexibility for future site planning. Located within Greater Allendale, this property benefits from consistent neighborhood demand, proximity to downtown St. Petersburg, and long-term redevelopment upside.
Ideal for developers, builders, or investors seeking a low-density, infill development opportunity in one of St. Petersburg's most established neighborhoods.
Location
- Street address
- 655 42nd Ave N
- County
- Pinellas County
- Community
- Bay State Sub
- Elevation
- 11 feet
Directions
From 4th Street: Head West on 42nd Ave N. Property will be on the corner of 7th Street and 42nd Ave.
Property details
- Lot size
- 0.28 acres12,197 sq ft
- Zoning
- NT-1
- MLS #
- MFRMLS TB8474192
- Posted
Property taxes
- 2025
- $1,406
Parcels
- 06-31-17-05166-001-0050
Legal description
BAY STATE SUB BLK A, LOTS 5 AND 6
Details and features
Listing
- Type
- Land
Exterior
- Features
- Corner Lot
Nearby schools
| Name | Type |
|---|---|
| John M Sexton Elementary-PN | Elementary |
| Meadowlawn Middle-PN | Middle |
| Northeast High-PN | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Feb 12, 2026 | New listing | $710,000 | — | MFRMLS |