4754 1ST AVENUE N ST PETERSBURG FL 33713 MLS #TB8433247

Prime redevelopment opportunity in the path of progress along the Central Ave Corridor where the land value will continue to appretiate quickly. Located in the CRT-1 Central Activity Center zoning district, this property supports mixed-use, townhomes, apartments, office, or live/work configurations and allows up to 7 units with building heights up to 72 feet. The existing 3-bedroom, 1.5-bath home is clean, rentable, and previously leased for $2,500/month—ideal for a developer or homeowner who wants to live in or generate income while planning a future project. The site also offers a strong value-add option: keep the existing home and build multiple ADUs or additional units toward the rear of the property, maximizing density and rental income while preserving immediate cash flow. Privately plan-reviewed and stamped architectural plans for a modern townhouse duplex with ADUs are available separately, providing a head start for those ready to build. This property is perfect for anyone seeking a rental or starter home today with exceptional long-term development upside in one of St. Pete’s fastest-growing corridors.