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2945 Central Ave - Adjacent to Historic Craftsman Restoration 0.1 Acres of Commercial Land Offered at $595,000 in Saint Petersburg, FL 33713

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INVESTMENT HIGHLIGHTS

  • Prime Central Avenue St. Petersburg Development Opportunity 45' to 55' frontage on Central Avenue Available
  • Rare 4,500 lot with 45' Frontage, Next Door to the Historic Craftsman House Scheduled for Renovation

EXECUTIVE SUMMARY

BETTER THAN A CORNER- the historic property to the west will remain open for viewing of the landmark Craftsman house restoration and courtyard. Add balconies on the south side over Central and on the west side. The unique situation is that this lot overlooks a Historic Restoration development; a deed restriction on this property assures you that no one will ever build above the current building height. This will allow residents to have views and balconies to the west and to the south over Central Avenue. In addition, we are creating a courtyard, so your ground-floor retail/restaurant will be next to it. Priced to sell at $132.22/SF. The lot is next door to the Historic Craftsman House. Centrally located on Central Avenue, St. Petersburg is known for its bustling atmosphere and eclectic mix of shops, cafes, and cultural destinations. Located on Central Avenue, St. Petersburg is renowned for its vibrant atmosphere and diverse mix of shops, cafes, and cultural attractions. As part of the Grand Central District, the Kenwood neighborhood, along with the Warehouse Arts District, is surrounded by a thriving community of residents and businesses. The location attracts a steady flow of foot traffic and loyal patrons. Nicknamed The Craftsman Courtyard, this will be a destination for Pinellas County visitors and a local hangout for the neighborhoods of the Grand Central District, Warehouse Arts District, and Kenwood Arts Enclave. CCT-2 zoning requires retail or restaurant on the ground floor, fronting Central Avenue.

PROPERTY FACTS Under Contract

Price $595,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Bar
  • Hold For Development
  • Hold For Investment
  • Hotel
  • Restaurant
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
Total Lot Size 0.10 AC
Opportunity Zone Yes
Zoning CCT-2 - In St. Petersburg's CCT-2 zoning district, the maximum residential density is 60 units per acre, within the Central Avenue Corridor activity center.

1 LOT AVAILABLE

Lot 11

Price $595,000
Price Per AC $5,759,588.02
Lot Size 0.10 AC

Available lot sizes range from 45' to 55' of frontage, with 4,500 SF to 5,500 SF at $132.22/SF. West and North views! 924 SF occupied home on site, 50' to 55' lot size, has a partial building that will be removed at the seller's expense.

DESCRIPTION

BETTER THAN A CORNER- the historic property to the west will remain open for viewing of the historic Craftsman house restoration and courtyard. Add balconies on the north side over Central and on the west side. Central Avenue Corridor Activity Center Property - In St. Petersburg's CCT-2 (Corridor Commercial Traditional-2) zoning district, the maximum residential density within activity centers can be increased to 60 units per acre. This density can be further augmented by bonuses for the workforce or missing middle housing. Key Density and Intensity Regulations in CCT-2: • Residential Density: o 60 units per acre (within activity center) o Additional density possible with workforce housing or missing middle housing bonuses • Nonresidential Intensity: o 2.5 FAR (within activity center) • Hotel Density: o 80 rooms per acre (within activity center)

Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38103593

  • Date on Market: 10/16/2025

  • Last Updated:

  • Address: 2945 Central Ave, Saint Petersburg, FL 33713

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