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    1625 1St Ave N Saint Petersburg, FL 33712

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    For Sale
    Contact for pricing

    Prime 0.73-acre development opportunity in a vibrant, walkable location.

    Lot size:
    0.73 Acres

    Property Features for 1625 1St Ave N

    General Information

    Lot size
    0.73 Acres

    Source: Franklin Street - Corporate Agent Griffin Goudreau

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    St. Petersburg Edge District Development

    This approximately 0.73-acre site presents a development opportunity in St. Petersburg’s Edge District. Positioned within a federally designated Opportunity Zone, the property is located at the northeast corner of 1st Avenue N. and 17th Street N., one block north of Central Avenue, in the heart of an entertainment hub featuring 460,000 square feet of retail space and new hotel and multifamily developments. A proposed project includes a 19-story tower reaching 215 feet, containing 224 units and 253 parking spaces. The location is one mile from Downtown St. Pete and I-75. Leasing activity remains high, with 383 new units delivered in 2024, and 524 more units scheduled for delivery in 2025. The tower will offer views of Downtown St. Pete and Tampa Bay. With a Walk Score of 79, the location is considered very walkable. The site is near Tropicana Field, the University of South Florida St. Petersburg Campus, Bayfront Health, Johns Hopkins All Children’s Hospital, and Raymond James Financial. The Tampa Bay/St Petersburg market continues to experience job market growth. This development opportunity offers a residential offering in an urban landscape with walkability and a location in a booming economic region.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6555358
    Latitude
    27.7722856

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    FAQs

    What type of property is this?
    Land - Prime 0.73-acre development opportunity in a vibrant, walkable location.
    Where is this land located?
    The property is located at 1625 1St Ave N Saint Petersburg, FL.
    What are key features of this property?
    This property features: - Prime development opportunity in St. Petersburg’s Edge District.; - Located within a federally designated Opportunity Zone.; - Proposed project includes **224 units within a striking 19-story tower.**
    (813) 839-7300
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    1625 1St Ave N Saint Petersburg, FL 33712
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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
    1625 1St Ave N Saint Petersburg, FL 33712
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