Location, Location, Location! Great location just off 22nd Ave and 9th Street South. Rare opportunity to have this size lot come on the market. Highly desirable NSM-1 zoning NEIGHBORHOOD SUBURBAN MULTIFAMILY DISTRICTS. This vacant lot dimensions: 104 x 170 ft. with a 16ft alley way. This property is NOT in a flood zone (zone X) and there is no HOA. Located just 8 minutes to downtown St. Pete, the St. Pete Pier, and less than 15 minutes to multiple beaches, marinas and golf courses. This location is prime for growth and development.
The zoning density rules allow up to 12 units total on the site. The current proposed site plan is for 6 units. An experienced developer or builder may be able to find an even better build option. Survey for the property and proposed site plan upon request. For an experienced investor this is an excellent build to rent opportunity with positive net cashflow. Owner
Buyers, please complete your own due diligence and verify zoning and building rules with the city of St. Petersburg.
22ND AVENUE S, St. Petersburg, FL, 33705
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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