208 48TH AVENUE N St Petersburg, FL 33703

This property presents an exceptional redevelopment opportunity in the desirable Northeast Park area. The oversized double lot is zoned NT-1, offering flexibility, including the potential to subdivide into two buildable parcels, subject to buyer verification with the City of St. Petersburg. Upon subdivision, each lot may allow for the construction of a single-family residence with a detached accessory dwelling unit, pending City approval. This arrangement creates the opportunity for two luxury homes side-by-side, each with multi-generational or guest house flexibility. Builders may find efficiency in constructing adjacent projects simultaneously, potentially streamlining site work, mobilization, utilities, and scheduling. Located just off 4th Street North and approximately five minutes from Downtown St. Petersburg, the property provides 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, 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.