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Allendale Double Lot Opportunity
For Sale
$685,000
Pending

655 42ND AVENUE N, St Petersburg, FL 33703

0.28-acre double lot in Greater Allendale, ADU-eligible.

Property SizeContact for details
Lot Size0.28 Acres
Days on Market179

Property Features for 655 42ND AVENUE N

General Information

Standard status Pending
Lot size 0.28 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $1,406

Amenities

Corner Lot
Pool
Public Pool
Sidewalk
Oversized
Listing Agency: DALTON WADE INC
Listed By: ASHLEY FRAZIER · License #3442859
Source: Corcoran
Added: Feb 12 Changed: Aug 8 Last Checked: Aug 8 at 1:42PM

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 DALTON WADE INC

Investment Insights

Based on property information with market context.

This 0.28-acre double lot is located in the Greater Allendale neighborhood. Zoned NT-1, the property offers the potential to subdivide into two oversized buildable parcels, each eligible for a single-family residence plus an Accessory Dwelling Unit (ADU). The existing concrete block home includes two bedrooms and two bathrooms. Recent updates include HVAC (2024), a water heater (2023), impact-resistant windows, and an upgraded kitchen with granite countertops and stainless-steel appliances. The expansive corner lot features rear alley access, offering flexibility for future site planning. The property benefits from consistent neighborhood demand and proximity to downtown St. Petersburg. It is suitable for developers, builders, or investors seeking a low-density, infill development opportunity.

Key Highlights

  • Double Lot (0.28 acres) in Desirable Greater Allendale: Rare opportunity for a large parcel.
  • NT‑1 Zoning: Allows for potential subdivision into two buildable parcels, each eligible for a single‑family residence plus an Accessory Dwelling Unit (ADU).
  • ADU‑Eligible: Each subdivided lot can accommodate an Accessory Dwelling Unit, increasing potential rental income or property value.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Parking Lot & Garage Dental Office Electrical Service Daycare Center Barber Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

998
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 0.28-acre double lot in Greater Allendale, ADU-eligible.
Where is this residential land & home lot located?
The property is located at 655 42ND AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Double Lot (0.28 acres) in Desirable Greater Allendale: Rare opportunity for a large parcel.; NT‑1 Zoning: Allows for potential subdivision into two buildable parcels, each eligible for a single‑family residence plus an Accessory Dwelling Unit (ADU).; ADU‑Eligible: Each subdivided lot can accommodate an Accessory Dwelling Unit, increasing potential rental income or property value.
More about this property
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