208 48TH AVENUE N St Petersburg, FL 33703

This property presents an exceptional redevelopment opportunity in the highly desirable Northeast Park area of St. Petersburg, Florida. The oversized double lot is zoned NT-1, offering flexibility, including the potential to subdivide into two buildable parcels, although buyers should verify this with the City of St. Petersburg. Upon subdivision, each lot may allow the construction of a single-family residence with a detached accessory dwelling unit, subject to city approval. This creates a unique opportunity for two luxury homes side-by-side, each with multi-generational or guest house flexibility. Builders may benefit from constructing adjacent projects simultaneously, potentially improving efficiency in site work, mobilization, utilities, and scheduling. Located just off 4th Street North and approximately five minutes from Downtown St. Petersburg, the property offers convenient access to Coffee Pot Bayou, Weedon Island Preserve, shopping, dining, major interstates, and area airports. Surrounded by newer million-dollar homes, the neighborhood continues to demonstrate strong resale confidence for quality new construction. The property, with a lot size of 0.26 acres, is located in Flood Zone AE (Base Flood Elevation 8’); new construction elevation requirements should be verified. The existing structure remains on site; however, the highest and best use may be redevelopment.