Downtown St. Pete Development Site 747 4th Ave N 150 Unit Apartment Building $8,250,000 ($55,000/Unit) Saint Petersburg, FL 33701

747 4th Avenue North represents a rare opportunity to acquire or capitalize on an advanced high-rise multifamily development site in the heart of Downtown St. Petersburg. The project is approved for a 150-unit, 18-story multifamily tower within the DC-2 Downtown Center zoning district.
The site offers a scarce urban infill position with frontage along 4th Avenue North and proximity to Mirror Lake, Central Avenue, the downtown waterfront, cultural amenities, restaurants, nightlife, and major employment drivers. The proposed tower format and efficient unit mix are designed to capture Downtown St. Pete renter demand while delivering a differentiated high-rise product in a constrained land environment.
The project is supported by a robust diligence package, including schematic design drawings, structural and MEPF narratives, outline specifications, survey, geotechnical report, traffic impact analysis, value engineering materials, and City approval/extension documentation. This provides a buyer, developer, or capital partner with a meaningful head start compared with an early-stage land acquisition.
Downtown St. Petersburg is one of the most dynamic and desirable multifamily submarkets in Florida. The area continues to benefit from strong population growth, a growing employment base, tourism, cultural attractions, and significant lifestyle demand from renters seeking walkable urban living.
747 4th Avenue North occupies a compelling infill position in the Mirror Lake neighborhood, one of the most historically significant and walkable residential pockets within greater Downtown St. Petersburg. The site abuts I-375 on its northern boundary, providing immediate freeway visibility and convenient on/off access for residents. It sits just one block north of Mirror Lake Park, a picturesque urban park with fountains, walking paths, and abundant wildlife that ranks among the most valued green spaces in the city. The historic Coliseum event venue (a landmark St. Pete institution since 1924) borders the property to the east.