About 655 42nd Avenue N
Prime Development Opportunity in Greater Allendale – Double Lot, NT-1 Zoning, ADU-Eligible. Rare opportunity to acquire a 0.28-acre (90 x 137) double lot in the desirable, high-and-dry Greater Allendale neighborhood. Zoned NT-1, this property offers potential to subdivide into two oversized buildable parcels, each eligible for a single-family residence plus an Accessory Dwelling Unit (ADU). The existing concrete block 2-bedroom, 2-bath home is well maintained and allows for immediate usability for rental income or interim use while pursuing development plans. Recent updates include HVAC (2024), water heater (2023), impact-resistant windows, and an upgraded kitchen with granite countertops and stainless-steel appliances. The expansive corner lot features rear alley access, offering flexibility for future site planning. Located within Greater Allendale, this property benefits from consistent neighborhood demand, proximity to downtown St. Petersburg, and long-term redevelopment upside. Ideal for developers, builders, or investors seeking a low-density, infill development opportunity in one of St. Petersburg’s most established neighborhoods.
Features of 655 42nd Avenue N
| MLS® # | TB8474192 |
|---|---|
| Price | $710,000 |
| Acres | 0.28 |
| Type | Land |
| Sub-Type | Land |
| Status | Active |
Community Information
| Address | 655 42nd Avenue N |
|---|---|
| Area | St Pete |
| Subdivision | BAY STATE SUB |
| City | ST PETERSBURG |
| County | Pinellas |
| State | FL |
| Zip Code | 33703 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Corner Lot, Oversized Lot, Sidewalk |
|---|
School Information
| Elementary | John M Sexton Elementary-PN |
|---|---|
| Middle | Meadowlawn Middle-PN |
| High | Northeast High-PN |
Additional Information
| Date Listed | February 12th, 2026 |
|---|---|
| Days on Market | 29 |
| Zoning | NT-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | DALTON WADE INC |
|---|