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Investment Highlights

  • Downtown St Petersburg,Walk to Central and Tropicana Field

Executive Summary

Don't miss this Investment Opportunity in Downtown St Petersburg. Take Advantage of this Vacant, Cleared Lot/ Ready to Build with approved plans for a duplex consisting of two, 3 bedrooms and 1 baths (Possible rezoning for quadplex). Buy, Build and Hold for substantial Cash flow and Future Appreciation. Your new construction multi family home will make an excellent opportunity to offer Affordable Housing in the city. St Pete Housing Authority offers Vouchers up to $2580 for a 3 bedroom and up to $3140 for a 4 bedroom in this location (per 2026 HUD Fair market Rents). Or build your own single family home and enjoy City Life and the Beaches alike. This lot is located just .8 of a mile to Tropicana Field, 1 mile to Central AVE. Walking/ Biking Distance to everything downtown St Pete has to offer! Double your ROI and purchase the adjacent lot as well. This opportunity is a prime candidate to capitalize on the city's growing housing demands while procuring a lucrative investment.

Property Facts

Price $175,000
Sale Type Investment or Owner User
Sale Condition Build to Suit
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Single Family Development
  • Single Family Residence
Total Lot Size 0.22 AC
Opportunity Zone Yes
Zoning 0000 - Vacant Residential - lot & acreage less than 5 acres

1 Lot Available

Lot

Price $175,000
Price Per AC $795,454.55
Lot Size 0.22 AC

Downtown St Pete, Vacant Lot, Cleared, Plans approved

Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 25-31-16-54954-002-0050
  • 25-31-16-54954-002-0060
Land Assessment
$107,318
Improvements Assessment
$0
Total Assessment
$107,318
  • Listing ID: 40976504

  • Date on Market: 6/18/2026

  • Last Updated:

  • Address: 1331 16th S st, Saint Petersburg, FL 33705

Contact the Sale Advisor

1331 16th S st - 1331 & 1345 16th St S

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