Northeast Park Redevelopment
For Sale
$524,900
208 48TH AVENUE N, St Petersburg, FL 33703
Double lot in desirable location with redevelopment potential.
Property SizeContact for details
Days on Market114
Property Features for 208 48TH AVENUE N
General Information
Standard status
Active
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$6,205
Amenities
Pool
Public Pool
Buildable
Flood Plain/Bottom Land
Paved
Listing Agency:
REALTY ONE GROUP SUNSHINE
(727) 325-5843
Listed By:
THOMAS MORILLO LLC
Source:
Corcoran
Added: Apr 21
Changed: Aug 8
Last Checked: Jul 15 at 8:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY ONE GROUP SUNSHINE
Investment Insights
Based on property information with market context.
This oversized double lot is located in Northeast Park and zoned NT-1, presenting a redevelopment opportunity. The property offers the potential to subdivide into two buildable parcels, subject to verification by the City of St. Petersburg. Upon subdivision, each lot may allow construction of a single-family residence with a detached accessory dwelling unit, pending City approval. This arrangement allows for the creation of 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. The property is located just off 4th Street North, approximately five minutes from Downtown St. Petersburg, providing convenient access to Coffee Pot Bayou, Weedon Island Preserve, shopping, dining, major interstates, and area airports. The surrounding neighborhood features newer million-dollar homes, indicating strong resale confidence for quality new construction. The property is located in Flood Zone AE with a Base Flood Elevation of 8’; new construction elevation requirements should be verified. An existing structure is on site; however, the highest and best use may be redevelopment.
Key Highlights
- Oversized double lot in highly desirable Northeast Park.
- NT‑1 zoning allows potential subdivision into two buildable parcels (buyer to verify).
- Potential for two single‑family residences with detached accessory dwelling units on subdivided lots (subject to City approval).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 33703, FL
23,948
Population
12,331
Households
1.9
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
4,790
Density / Sq Mi
$96,795
Median Household Income
$56,760
Median Earnings
$1,569
Median Rent
$395,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Double lot in desirable location with redevelopment potential.
Where is this residential land & home lot located?
The property is located at 208 48TH AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Oversized double lot in highly desirable Northeast Park.; NT‑1 zoning allows potential subdivision into two buildable parcels (buyer to verify).; Potential for two single‑family residences with detached accessory dwelling units on subdivided lots (subject to City approval).
