1213 N 16Th St N St Petersburg, FL 33705

Property Details for 1213 N 16Th St N

Lot size

2.27 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents two entitled townhome development sites totaling 2.27 acres in St. Petersburg, Florida. Located on 16th Street N, a thriving commercial and residential corridor, these properties boast unparalleled convenience and connectivity. Just three minutes from the vibrant EDGE District and Tropicana Field, and a short drive from St. Anthony's Hospital and the University of South Florida St. Petersburg campus, the sites offer residents easy access to key amenities. The sites benefit from recent market trends showing strong demand, with new construction townhomes within a one-mile radius averaging $414 per square foot over the past six months. Further enhancing the area's appeal is the proximity to the Tropicana Field redevelopment project (approved July 2024), a massive 86-acre undertaking including a new stadium, 6,000 rental units, 1.4 million square feet of Class A medical and office space, and 750,000 square feet of retail space. Both projects have received site-plan approval from the City of St. Petersburg, minimizing development hurdles and maximizing potential returns. This prime location, coupled with strong market performance and the transformative Tropicana Field redevelopment, positions this offering as an exceptional investment opportunity with significant upside potential. The properties are conveniently located near Publix, and several schools including Midtown Academy Elementary School, Thurgood Marshall Fundamental Middle School, and St. Petersburg Collegiate High School. This development offers investors a unique chance to capitalize on the burgeoning St. Petersburg real estate market. The addresses are 1213 16th St N, St. Petersburg, FL 33705 and 4100 16th St N, St. Petersburg, FL 33703.