Site-Plan Approved Multifamily Development
For Sale
$1,100,000
421 15TH Ave S, St Petersburg, FL 33701
Site plan approved for an 11-unit courtyard apartment community, with plans, renderings, and survey documentation included.
Property SizeContact for details
Days on Market70
Property Features for 421 15TH Ave S
General Information
Standard status
Active
Property subtype
Land
Additional Details
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$5,179
Building Details
Tenancy
Multi
Listing Agency:
COMPASS FLORIDA LLC
(941) 539-7253
Listed By:
Zach Steinberger · License #3438328
(941) 539-7253
Source:
Elliman
Added: Jun 4
Changed: Aug 8
Last Checked: Jul 16 at 6:10AM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This offering includes developable land and approved project documentation for a proposed 11-unit, courtyard-style apartment community. The package contains the land, architectural plans, renderings, and survey materials supporting the concept. The current proposal is arranged with 4 studio units averaging approximately 317 SF, 4 one-bedroom units averaging approximately 404 SF, and 3 two-bedroom units averaging approximately 714 SF, with a design centered on efficient interior layouts and shared outdoor space. The architectural direction calls for a modern Spanish ranch aesthetic, including stucco exterior finishes, metal roof elements, private balconies, and a landscaped courtyard intended to support community interaction.
The property is positioned in one of St. Petersburg’s notable growth corridors, situated between the Innovation District and Old Southeast, with ongoing Tropicana redevelopment cited as a continuing factor in area momentum. WalkScore and bikeScore are each 66, with transitScore at 47, reflecting somewhat walkable conditions and moderate transit accessibility.
For qualified buyers, this is a development-site opportunity with meaningful pre-development work already completed through the site plan approval stage, reducing early planning hurdles. While future entitlements, permitting, and final approvals are not guaranteed and remain subject to municipal processes and buyer diligence, the seller indicates an option to deliver the project fully entitled, permit-ready, and shovel-ready for an additional fee for buyers seeking to accelerate the timeline to construction.
The property is positioned in one of St. Petersburg’s notable growth corridors, situated between the Innovation District and Old Southeast, with ongoing Tropicana redevelopment cited as a continuing factor in area momentum. WalkScore and bikeScore are each 66, with transitScore at 47, reflecting somewhat walkable conditions and moderate transit accessibility.
For qualified buyers, this is a development-site opportunity with meaningful pre-development work already completed through the site plan approval stage, reducing early planning hurdles. While future entitlements, permitting, and final approvals are not guaranteed and remain subject to municipal processes and buyer diligence, the seller indicates an option to deliver the project fully entitled, permit-ready, and shovel-ready for an additional fee for buyers seeking to accelerate the timeline to construction.
Key Highlights
- Site plan approved for a proposed 11‑unit courtyard‑style apartment community at 421 15th Ave S
- Includes land, architectural plans, renderings, and survey documentation for the proposed project
- Proposed unit mix: 4 studios (~317 SF avg), 4 one‑bedrooms (~404 SF avg), and 3 two‑bedrooms (~714 SF avg)
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
Explore this area
Business Placement
Demographics for 33701, FL
19,137
Population
13,434
Households
1.4
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
7,088
Density / Sq Mi
$69,098
Median Household Income
$48,072
Median Earnings
$1,531
Median Rent
$590,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Site plan approved for an 11-unit courtyard apartment community, with plans, renderings, and survey documentation included.
Where is this residential land & home lot located?
The property is located at 421 15TH Ave S St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Site plan approved for a proposed 11‑unit courtyard‑style apartment community at 421 15th Ave S; Includes land, architectural plans, renderings, and survey documentation for the proposed project; Proposed unit mix: 4 studios (~317 SF avg), 4 one‑bedrooms (~404 SF avg), and 3 two‑bedrooms (~714 SF avg)
