Property Description
Price Improvement – Prime Development Opportunity in Greater Allendale! Subdividable and ADU eligible – NT-1 zoning Now offered at an improved price, this rare 0.28-acre (90 x 137) double lot in the highly desirable, high-and-dry Greater Allendale neighborhood presents exceptional potential for builders, developers, and investors. Zoned NT-1, the property offers the opportunity to subdivide into two oversized buildable parcels, each eligible for a single-family residence plus an Accessory Dwelling Unit (ADU). The existing well-maintained concrete block 2-bedroom, 2-bath home provides immediate usability for rental income, owner occupancy, or interim use while development plans are finalized. Recent upgrades include HVAC (2024), water heater (2023), impact-resistant windows, and an updated kitchen with granite countertops and stainless steel appliances. Positioned on an expansive corner lot with rear alley access, the property offers added flexibility for site planning, access, and future construction. Located in one of St. Petersburg’s most established and sought-after neighborhoods, Greater Allendale continues to see strong demand thanks to its charm, high elevation, and close proximity to downtown. Whether you are looking for an infill development opportunity, long-term hold, or value-add investment, this property delivers location, flexibility, and upside that rarely come available.
Features
Sewer:
Public Sewer
Utilities:
Cable Connected, Sewer Connected, Water Connected
Address Map
Country:
US
State:
FL
County:
Pinellas
City:
St Petersburg
Subdivision:
BAY STATE SUB
Zipcode:
33703
Street:
42ND
Street Number:
655
Street Suffix:
AVENUE
Longitude:
W83° 21' 27.4''
Latitude:
N27° 48' 37.9''
Direction Faces:
South
Directions:
From 4th Street: Head West on 42nd Ave N. Property will be on the corner of 7th Street and 42nd Ave.
Mls Area Major:
33703 - St Pete
Street Dir Suffix:
N
Zoning:
NT-1
Neighborhood
Elementary School:
John M Sexton Elementary-PN
High School:
Northeast High-PN
Middle School:
Meadowlawn Middle-PN
Additional Information
Lot Size Dimensions:
90 x 137
Water Source:
Public
Previous Price:
710000
On Market Date:
2026-02-12
Lot Features:
Sidewalk, Corner Lot, Oversized Lot
Current Use:
Residential
Financial
Tax Annual Amount:
1406.35
Listing Information
List Agent Mls Id:
260047490
List Office Mls Id:
260031661
Mls Status:
Active
Modification Timestamp:
2026-04-29T16:43:09Z
Originating System Name:
Stellar
Special Listing Conditions:
None
Status Change Timestamp:
2026-02-12T14:50:53Z

Land For Sale

655 42nd Ave N, St Petersburg, Florida 33703

0.28 Acre
$685,000
Listing ID #TB8474192
Basic Details
Property Type :
Land
Listing Type :
For Sale
Listing ID :
TB8474192
Price :
$685,000
Lot Area :
0.28 Acre
Agent info
Contact Agent

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