Residential Land for Sale in St. Petersburg, Florida

5148 1st Ave S St. Petersburg, FL 33707

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$700,000
0.26 acres
Active
agoEst $5,212/mo

Pre construction 8-unit multifamily property is one of the best development opportunities in Tampa Bay! The offering is for the land and plans. For an additional fee, the developer can deliver the site permit and shovel ready. Brand new construction means insurance and capital expenditures will be very low. This is a whole new asset class of new construction rental floor plans that are not yet available in the market! A dream come true for any savvy investor seeking an exceptional income-producing asset. This property offers a unique chance to capitalize on the thriving real estate market and secure a solid investment for years to come. Each of the 8 units have been thoughtfully planned to maximize space and functionality, ensuring optimal comfort and convenience for future residents and tenants. With a seamless flow between living areas, bedrooms, and kitchens, these units offer an ideal balance of privacy and open concept living. The interiors are a perfect blend of style and substance, featuring high-end finishes, premium fixtures, and top-of-the-line appliances. From the elegant LVP flooring to the designer lighting fixtures, every detail has been carefully curated to create an atmosphere of sophistication and refinement. As an investor, you'll be thrilled to know that this property is expected to operate as a 8% cap rate investment, with no capital expenditures required since it will be brand new construction. This means you can start generating income from day one without worrying about additional expenses. What's more, you have the opportunity to customize this property to your exact specifications. Floor plans, finishes, and every detail can still be decided on with the builder, allowing you to create a truly unique and personalized investment property. The developer is projecting a $1.5 million build for this exceptional multi-family property, ensuring a solid investment with a promising return on investment. Investors seeking a property with outstanding income potential need look no further. Don't miss out on this chance to be part of the thriving St Petersburg real estate market. Act now and seize the opportunity to own one of the best investment properties in all of Tampa Bay! Reach out today to discuss customization options and secure your place in this lucrative venture.

Directions

From 1st Ave S, head east towards downtown, and home is on the right on 51st St N block // From I275-S get off on 5th Ave N and turn left on 51st st N, turn left on 1st Ave S, lot is on the right

Location

Street Address
5148 1st Ave S
Community
Bellecrest Heights
Elevation
33 feet
Coordinates
27.7698, -82.7037

Property details

MLS Number
MFRMLS TB8340916
Date Posted

Property taxes

2024
$1,604

Parcels

  • 21-31-16-07182-003-0070

Legal description

Resources

This 0.26-acre property is located at 5148 1st Ave S in St. Petersburg, FL 33707 with latitude 27.7698 and longitude -82.7037. The property is currently available for sale for $700,000 with a price per acre of NaN. Listing data is sourced from Stellar MLS # TB8340916.

Verify sale details at the property source or contact Compass Florida at (305) 851-2820.

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Copyright (C) 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Checked 1 hour ago. Updated . Parcel data by Regrid.

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