• $685,000List Price
  • ActiveStatus
  • 5Number of Photos
  • 27.810522Latitude
  • 655 42nd Avenue NAddress
  • 42ND Avenue NStreet
  • St PetersburgTown
  • FLState
  • 33703Zip
  • PinellasCounty
  • LandProperty Type
  • TB8474192MLS Number
  • 0.28Acreage

Listing Tools

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.

Location

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 15, 2026 4:04 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

By submitting this form I agree to receive marketing and customer service calls and text messages from Michael Saunders & Company. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.