$710,000

655 42ND AVENUE N, St Petersburg, FL 33703

Land
Built in ——
0.28acre lot
—— car garage
$——/sqft
Listed 7 days ago

Property Description

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.

Listing Status:: Active
Date Added:: February 12, 2026
Data Last Updated:: February 17, 2026 at 3:23AM
Listing Office:: DALTON WADE INC : 888-668-8283
Listing Agent:: Ashley Frazier : 727-239-5521
MLS ID:: TB8474192

Road/Access: Asphalt
Originating MLS: Stellar MLS
County: Pinellas

Zoning: NT-1BAY STATE SUB BLK ALOTS 5 AND 606-31-17-05166-001-0050
Current Use: Residential

Utilities: Cable ConnectedSewer ConnectedWater Connected
Water: Public
Sewer: Public Sewer

Source: Stellar MLS
Ownership: Fee Simple

This listing courtesy of Ashley Frazier , DALTON WADE INC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

North Shore Elementary

200 35th Ave NE, Saint Petersburg, FL, 33704

Grades KG-5

0.78 miles away

Meadowlawn Middle School

6050 16th St N, Saint Petersburg, FL, 33703

Grades 6-8

1.43 miles away

Northeast High School

5500 16th St N, Saint Petersburg, FL, 33703

Grades 9-12

1.22 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.