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    3540 1St Ave S St Petersburg, FL 33711

    Sponsored
    For Sale
    $650,000

    Land - ST PETERSBURG, FL

    Lot size:
    0.20 Acres
    Days on Market:
    154
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 3540 1St Ave S

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    22-31-16-96228-002-0050
    Lot size
    0.20 Acres

    Building Details

    Architectural style
    Other

    Compass (305) 851-2820 [email protected]

    Listing agent Zach Steinberger (727) 339-7902 License #3438328

    Listing date Aug 5, 2025

    MLS# U8218053 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Permitted Multifamily Property in St. Petersburg

    This permitted and approved 6-unit multifamily property is a new construction opportunity located in St. Petersburg, Florida. The property, situated on a 0.2-acre lot, offers the option to be sold as two separate triplexes. Each unit features a 3-bed/2-bath floor plan. The units are designed to maximize space and functionality, with a seamless flow between living areas, bedrooms, and kitchens. Interiors feature high-end finishes, premium fixtures, and appliances, including hardwood flooring and designer lighting fixtures. The property is projected to operate as a 10% cap rate investment with no capital expenditures required due to its new construction status. Customization options for floor plans and finishes are available with the builder. The builder projects a $1.2 million build for the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.681529
    Latitude
    27.769756

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    FAQs

    What type of property is this?
    Apartment building - Permitted 6-unit multifamily property, new construction, excellent investment opportunity.
    Where is this apartment building located?
    The property is located at 3540 1St Ave S St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Permitted, approved, and shovel-ready 6-unit multifamily property, offering immediate development potential.; - Option to purchase as two separate triplexes, providing flexible investment strategies.; - Brand new construction with low insurance costs and no expected capital expenditures.
    (941) 539-7253
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    St Petersburg, FL 33711
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3540 1St Ave S St Petersburg, FL 33711
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