4754 1ST AVENUE N

HUGE PRICE DROP! There has not been a better time to buy in St Pete in the past 5 years! Come check it out before prices tick back up in 2026. Prime redevelopment opportunity in the path of progress along the Central Ave Corridor where the land value will continue to appretiate quickly. Located in the CRT-1 Central Activity Center zoning district, this property supports mixed-use, townhomes, apartments, office, or live/work configurations and allows up to 7 units with building heights up to 72 feet. The existing 3-bedroom, 2-bath home is clean, rentable, and previously leased for $2,500/month—ideal for a developer or homeowner who wants to live in or generate income while planning a future project. The site also offers a strong value-add option: keep the existing home and build multiple ADUs or additional units toward the rear of the property, maximizing density and rental income while preserving immediate cash flow. Privately plan-reviewed and stamped architectural plans for a modern townhouse duplex with ADUs are available separately, providing a head start for those ready to build. This property is perfect for anyone seeking a rental or starter home today with exceptional long-term development upside in one of St. Pete’s fastest-growing corridors.