Felipe de Alvarenga Leite

NSM-2 zoning (Neighborhood Suburban Multi-Family) offers flexibility for potential redevelopment in one of St. Petersburg’s rapidly evolving corridors. This 3-bedroom, 1-bath home is currently tenant-occupied at $1,750/month, providing immediate income, with flexibility as the lease can be terminated with 30 days’ notice. Located just minutes from downtown St. Pete, the property is within close proximity to Tropicana Field, Ferg's Sports Bar & Grill, Central Avenue, and the Edge District. Easy access to I-275 allows for convenient travel throughout the Tampa Bay area. The surrounding neighborhood is seeing continued redevelopment and new construction, including higher-density projects nearby, making this an attractive opportunity for investors, builders, or end-users looking to secure a well-located property with long-term upside. The existing structure has deferred maintenance and may be best suited for renovation, rental hold, or future redevelopment. Buyer to verify all zoning, density, and development possibilities with the City of St. Petersburg. Whether you’re looking for a value-add rental, centrally located residence, or future development play, this property offers strong positioning in a high-demand location.