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Allendale Double Lot Opportunity

655 42ND AVENUE N St Petersburg, FL 33703

655 42ND AVENUE N, St Petersburg, FL, 33703

$685,000

Pending

For Sale

$685,000

Pending

Land - ST PETERSBURG, FL

Lot Size0.28 Acres

AddedFeb 9

Days on Market156

Last RefreshJul 15 at 6:06 pm

Property Features for 655 42ND AVENUE N

General Information

Property type: Land
Property subtype: Other
Zoning: NT-1
Exterior features: Corner Lot
Standard status: Pending
APN: 06-31-17-05166-001-0050
Lot size: 0.28 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 1406.35

Building Details

Architectural style: Other

Listing agent Ashley Frazier License #3442859

Listing office DALTON WADE INC 260 1st Ave S. Suite 200, St. Petersburg, FL

Listing date Feb 9, 2026

MLS# TB8474192 Listing URL

Investment Insights

Based on property information with market context.

Located in the Greater Allendale neighborhood, this 0.28-acre double lot presents a development opportunity. Zoned NT-1, the property can be subdivided into two buildable parcels, each eligible for a single-family residence plus an Accessory Dwelling Unit. The property includes an existing concrete block home with 2 bedrooms and 2 bathrooms, suitable for rental income, owner occupancy, or interim use. Recent upgrades include HVAC (2024), a water heater (2023), impact-resistant windows, and an updated kitchen with granite countertops and stainless steel appliances. Positioned on a corner lot with rear alley access, the property offers flexibility for site planning and future construction. Greater Allendale is known for its charm, high elevation, and proximity to downtown. The property delivers location, flexibility, and upside.

Key Highlights

Large 0.28‑acre double lot (90 x 137) in Greater Allendale.
NT‑1 zoning allows subdivision into two buildable parcels, each ADU‑eligible.
Existing well‑maintained 2‑bedroom, 2‑bath home provides immediate rental income potential.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Residential land & home ...

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For sale
Land
FL
St Petersburg
33703
655 42ND AVENUE N

What type of property is this?

Land - Subdividable double lot in Greater Allendale with ADU eligibility.

Where is this land located?

The property is located at 655 42ND AVENUE N St Petersburg, FL.

What is the asking price?

The asking price for this property is $685,000.

What are key features of this property?

This property features: Large 0.28‑acre double lot (90 x 137) in Greater Allendale.; NT‑1 zoning allows subdivision into two buildable parcels, each ADU‑eligible.; Existing well‑maintained 2‑bedroom, 2‑bath home provides immediate rental income potential.

655 42ND AVENUE N St Petersburg, FL 33703

Land - ST PETERSBURG, FL

Property Features for 655 42ND AVENUE N

General Information

Taxes and HOA fees

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Remodeled Warehouse and Office

Freestanding Restaurant with Drive-Thru

Turnkey Medical Office in St. Petersburg

St. Petersburg Warehouse with Leased Unit

Redevelopment Opportunity Near Downtown St. Petersburg

Value-Add Multifamily Opportunity

Live/Work Property with On-Site Parking

High-Visibility Corner Office Building

Four-Unit Multifamily Property

Boutique Medical Suite Investment

St. Petersburg Multifamily Investment Opportunity

Freestanding Commercial Building Near Downtown

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