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Residential Land for Sale in St. Petersburg, Florida

655 42nd Ave N, St. Petersburg, FL 33703

$710,000
0.28 acres
Active
ago
Est $4,963/mo

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
Community
Bay State Sub
Elevation
11 feet
Coordinates
27.8105, -82.6424

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

Details and features

Listing

Type
Land

Exterior

Features
Corner Lot

Nearby schools

NameType
John M Sexton Elementary-PNElementary
Meadowlawn Middle-PNMiddle
Northeast High-PNHigh

Listing history

DateEventPriceChangeSource
Feb 12, 2026New listing$710,000MFRMLS
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This 0.28-acre property is located at 655 42nd Ave N in St. Petersburg, FL 33703. The property is available for sale for $710,000.

Checked 2 hours ago — Updated

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