3427 21st Ave. #Lot 13 and 14, St. Petersburg, FL 33711

This is two of three adjacent parcels totaling .91 acres with alley access poised for development in St. Petersburg's Community Redevelopment Area. The parcel is zoned NSM1 but new zoning changes allow developers to follow NTM1 building requirements to increase the max buildable units and FAR without a variance. The lot is approximately ten minutes to downtown St. Pete and ten minutes to St. Pete beach surrounded by new construction. Max of 28 units, 28,000 square foot build at a 10% cap rate for developers interested in this lot and the adjacent lot.