7321 1st Ave S, St Petersburg, Florida 33707

PRIME 1031 CANDIDATE!! Possible medical redevelopment site. Possible residential redevelopment site. Back on the market through no fault of the seller. A two-story office building with industrial 2 car garage on 0.17 acre lot with option to purchase two contiguous lots (0.17 acres each in size) for a total of 0.54 acres, all zoned CRT-1. The two contiguous lots are cleared and graded. The existing building is perfectly suited for companies with trucks and/or heavy equipment, such as HVAC, plumbing, or general contracting firms in need of office space, fenced outdoor storage, indoor storage areas, and high-ceiling garage bays. Its upstairs bonus space can support a multitude of venue purposes. There are a total four (4) office spaces and two (2) bathrooms plus lobby/reception area. The alley running behind both the building and the lots can accommodate a variety of uses for either the office or the residences. This is also a unique turnkey investor opportunity in sought-after St. Petersburg along a well-traveled corridor, complete with plans, renderings, and permitting to construct a total of 12 open-concept townhomes which would require all three lots and the demolition of the existing building. Townhome concept is three-story, three-bedroom, two-full-bath, and two-half-bath townhomes with optional private elevators that traverse all floors, from the rooftop terraces to the kitchens and down to the two-car garages. Situated along a picturesque bike trail, this ideal parcel is one block from Sunset Park, the Treasure Island Causeway, and unparalleled beaches to the west, while just 15min drive to downtown St. Pete’s restaurants, and retail. Both vacant lots are being advertised separately under MLS #’s TB8470017 and TB8470032.