216 29th STREET S, St. Petersburg, FL, 33712
**Opportunity Zone**Presenting an unparalleled prospect to acquire a prime, buildable lot situated in the highly sought-after Palmetto Park neighborhood. This unique property already has a meticulously maintained 1 bed 1 bath bungalow situated on the far northern end of the lot . Some of the upgrades in the bungalow include new appliances, a new roof, and new flooring. The vacant southern portion of the lot offers the ability for a new construction home to be built. When the new residence has been built the existing bungalow will then be earmarked as an Accessory Dwelling Unit (ADU). This versatile arrangement allows for you to reside in the charming bungalow during construction of the new home or it can be utilized as a lucrative rental property for passive income. Located within walking distance of the vibrant Grand Central district! This location is ideal for those who appreciate convenient access to local shops, restaurants, nightlife, and special events. Moreover, its proximity to Downtown St. Petersburg and seamless highway connectivity facilitates swift access to airports, Tampa, and St. Pete Beach. Capitalizing on the rare opportunity to acquire a historic home while concurrently developing a new residence on the same expansive lot, this property stands as a testament to the fusion of tradition and modernity.
Status:
Active
Type:
Lot / Acreage
Subdivision:
PALMETTO PARK
Lot Size:
125 x 50
Acreage:
0.15
Est. Taxes:
$1,906
Current Use
Residential
Permitted Use
Residential
Utilities
Electricity Available, Public, Sewer Connected, Street Lights, Water Connected
Lot Description:
Buildable, Cleared, Level
Days on Market:
104
MLS #:
U8224122
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of DALTON WADE INC Phone: 888-668-8283