St Pete Beach - Beach Property For Sale #7570690

** Rare Development Opportunity - St. Pete Beach**
This property represents a truly rare offering on Gulf Blvd, where it is almost impossible to find parcels of this size--approximately 0.56 acres--along this highly sought-after location. Property currently has an abandoned 10 unit apartment building on a portion of the land, which if renovated would be *grandfathered in* at the 10 units or tear down and develop with the rest of the land.
This property offers a unique and highly valuable advantage rarely found on St. Pete Beach--providing developers with a distinct path to maximize returns, which is difficult to replicate in this market.

The property is located within a designated redevelopment Corridor along Gulf Blvd, one of the few streets in St. Pete Beach that permits increased residential density when combined with ground-floor commercial use.
Unlike most properties limited to 12 units per acre, this zoning allows for a higher-density mixed-use project, creating the opportunity for:
o More residential units
o Ground-floor retail income
o Stronger overall project returns

Why This Property Stands Out:
o Residential with mixed-use development
o Ability to increase density beyond typical zoning limits
o Opportunity to create multiple income streams

You're not just buying land, you're acquiring the opportunity for additional density, flexibility, and income potential in a supply-constrained coastal market.