Listing Details for MLS # U8205411
2701 1st Avenue S, St Petersburg, Fl 33712

Residential Property - Single Family Residence in St Petersburg

Listing Price: $1,225,000Days on Market: 467

Description of Property

Welcome to modern living in the heart of Downtown St. Pete. Opportunity for Investors and Developers. The seller is motivated and open to offers.! Bring your proposals, and let’s make a deal! This Lote is conveniently located in the vibrant Arts District and active Grand Central District. Bordered by Kenwood and Palmetto Park neighborhoods, these locations can be characterized by a fun, laid-back, diverse, and artsy vibe. Quickly evolving, walkable, and eclectic streetscapes are filled with the trendiest, most inclusive, galleries, arts-centric bistros, boutiques, breweries, bars, restaurants, and coffee shops in all of St. Petersburg. Including popular attractions like the Pier, The Mahaffey Theater, Tropicana Field, and the Dalí Museum. The nearby PSTA SunRunner trolley offers convenient transportation to the Gulf beaches to the west or downtown St Pete to the East. This property has a house that has two stories with a 5-bedroom, 2-bathroom, kitchen, dining room, covered porch, and wide living room area. The wide 2-car garage space is used as a laundry room and storage by the owner. The house has different spaces outside including the considerable backyard where outdoor living had become a luxury to enjoy in the middle of the city. This house has no important updates in its style and that is why It is for sale “As is”. The property offers many opportunities to improve, experiencing the perfect combination of timeless exterior architecture and best-of-class contemporary interiors although the owner considers it a property to be developed. The crown jewel of this property is the lot size, approximately 7,000 sqft, ideally for developers who want to give new innovative and unique living spaces with the most exclusive luxury details, similar to the comparables around it. This corner lot is the ideal space in Downtown St Pete to build 3 Townhomes or /and Commercial spaces. Subject Property sits high & dry out of evacuation zones.The average asking price for a 5 bedroom/2 bath single family residence in this Zip code is $1,050,000. This single family residence is listed at about 117% of the average asking price. This is the only 5 bedroom/2 bath single family residence between $1,000,000 and $1,400,000 currently listed for sale in this Zip code.