Rare Development Opportunity St.

** Rare Development Opportunity – St. Pete Beach** This property represents a truly rare offering on Gulf Blvd, where it is almost impossible to find parcels of this size—approximately 0.56 acres—along this highly sought-after location. Property currently has an abandoned 10 unit apartment building on a portion of the land, which if renovated would be "grandfathered in" at the 10 units or tear down and develop with the rest of the land. This property offers a unique and highly valuable advantage rarely found on St. Pete Beach—providing developers with a distinct path to maximize returns, which is difficult to replicate in this market. The property is located within a designated redevelopment Corridor along Gulf Blvd, one of the few streets in St. Pete Beach that permits increased residential density when combined with ground-floor commercial use. Unlike most properties limited to 12 units per acre, this zoning allows for a higher-density mixed-use project, creating the opportunity for: • More residential units • Ground-floor retail income • Stronger overall project returns Why This Property Stands Out: • Residential with mixed-use development • Ability to increase density beyond typical zoning limits • Opportunity to create multiple income streams You’re not just buying land, you’re acquiring the opportunity for additional density, flexibility, and income potential in a supply-constrained coastal market.

Virtual Tour: https://www.propertypanorama.com/instaview/stellar/TB8496756