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
