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Description
Don't miss this Investment Opportunity in Downtown St Petersburg. Take Advantage of this Vacant, Cleared Lot/ Ready to Build with approved plans for a duplex consisting of two, 3 bedrooms and 1 baths (Possible rezoning for quadplex). Buy, Build and Hold for substantial Cash flow and Future Appreciation. Your new construction multi family home will make an excellent opportunity to offer Affordable Housing in the city. St Pete Housing Authority offers Vouchers up to $2580 for a 3 bedroom and up to $3140 for a 4 bedroom in this location (per 2026 HUD Fair market Rents). Or build your own single family home and enjoy City Life and the Beaches alike. This lot is located just .8 of a mile to Tropicana Field, 1 mile to Central AVE. Walking/ Biking Distance to everything downtown St Pete has to offer! Double your ROI and purchase the adjacent lot as well. This opportunity is a prime candidate to capitalize on the city's growing housing demands while procuring a lucrative investment.
Property Highlights
Property Type: Land - Residential
Lot Size: 0.11 Acres
Taxes: $854
General Information
County: Pinellas
Subdivision: MANSFIELD HEIGHTS
Listed By:
Nancy Burris
DHM REAL ESTATE GROUP LLC
727-316-5100
MLS ID: TB8520845
Property Features
Directions: Central AVE to south on 16th ST S to property on right.
Flood Zone Code: X
Home Warranty Y/N: No
Lot Dimensions: 0.11
Ownership: Fee Simple
Property Attached Y/N: No
Sewer: None
Showing Instructions: Call Before Showing, Go Direct
Special Sale Provisions: None
Utilities: BB/HS Internet Available, BB/HS Internet Capable, Cable Available, Electricity Available, Public, Sewer Available, Water Available
Water: None
Water Access Y/N: No
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1345 16th Street S, Saint Petersburg, FL 33705.
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Estimated Payment
$ 712.45 per month $590.25 Principal & Interest $71.17 Property Tax $51.04 Homeowner's InsuranceChange Payment Information
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