Northeast Park Redevelopment
For Sale
$449,900
208 48TH N, St Petersburg, FL 33703
Double lot in desirable location with redevelopment potential.
Property SizeContact for details
Days on Market196
Property Features for 208 48TH N
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$6,204
Listed By:
Thomas Morillo LLC
(727) 560-4944
Source:
Elliman
Added: Apr 22
Changed: Nov 2
Last Checked: Nov 3 at 8:05AM
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 Thomas Morillo LLC
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Investment Insights
Based on property information with market context.
This oversized double lot in Northeast Park presents a redevelopment opportunity. Zoned NT-1, the property offers flexibility, including the potential to subdivide into two buildable parcels, subject to verification with the City of St. Petersburg. Upon subdivision, each lot may allow construction of a single-family residence with a detached accessory dwelling unit, subject to City approval. This creates an opportunity for two homes side-by-side. Builders may benefit from constructing adjacent projects simultaneously, potentially improving efficiency in site work, mobilization, utilities, and scheduling. Located just off 4th Street North and approximately five minutes to Downtown St. Petersburg, the property offers convenient access to Coffee Pot Bayou, Weedon Island Preserve, shopping, dining, major interstates, and area airports. The neighborhood, surrounded by newer million-dollar homes, demonstrates resale confidence for new construction. The property 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. The bike score is 58, making it bikeable. The walk score is 75, indicating it is very walkable. The transit score is 38, suggesting some transit options are available.
Key Highlights
- Oversized double lot in desirable Northeast Park offering redevelopment opportunity.
- NT‑1 zoning allows potential subdivision into two buildable parcels (buyer to verify).
- Potential to build single‑family residences with detached accessory dwelling units on each subdivided lot (subject to City approval).
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
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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 N St Petersburg, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Oversized double lot in desirable Northeast Park offering redevelopment opportunity.; NT‑1 zoning allows potential subdivision into two buildable parcels (buyer to verify).; Potential to build single‑family residences with detached accessory dwelling units on each subdivided lot (subject to City approval).
