Description

This offering presents a rare off-market commercial opportunity in the heart of downtown St. Petersburg, featuring a 5,114-square-foot parcel with a 3,216-square-foot stucco Craftsman-style home and a 500-square-foot outbuilding. The property benefits from highly desirable DC-2 (Downtown Core-2) zoning, which provides flexible and developer-friendly regulations. The existing two-story home, built during the 1930s boom era, includes a legal curb cut, driveway, and carport, and was most recently used as a group home. With its favorable zoning, the property offers multiple possibilities: an owner-user could renovate the existing structure as a single-family residence or adapt it for uses such as office, retail, restaurant, medical, or spa. Alternatively, the site is well suited for redevelopment, as the generous density allowances and setbacks under DC-2 zoning make it ideal for projects such as multi-family condominiums, office space, retail, or mixed-use developments with commercial space on the ground floor and residential units above. Located at 205 4th Avenue North on the northwest corner of a signalized intersection between 2nd and 3rd Streets North, the property sits in one of the city’s most sought-after areas, surrounded by luxury condominium towers and mid-rise apartment communities. It is just two blocks from the popular Beach Drive dining and shopping district, close to the St. Pete Pier, Central Avenue, and the Sundial complex, and within walking distance of Jannus Landing, Jannus Live, the 600 Block, and The Edge District, placing it amid a vibrant urban environment with thousands of nearby residents.