4615 Central Ave, St Petersburg, FL 33713

Property Description

4615 Central Avenue offers a rare redevelopment opportunity in the heart of St. Petersburg's Central Corridor and directly in the path of progress. This fully cleared site—with demolition and tree work already completed—comes with professionally designed plans that have been reviewed and stamped by private plan reviewers, making them ready to submit to the city for expedited processing. Each residence totals approximately 2,423 square feet including a private garage and detached ADU, with a fee-simple layout that allows each unit to be sold individually or retained as part of a build-to-rent investment model. The first-floor plan was designed with professionals in mind, featuring a front room that can function as an office. Zoning permits business use within residential structures without affecting residential financing eligibility, though buyers should verify with their lender. For developers with their own vision, the property is zoned for up to seven units and carries commercial zoning, providing flexibility for alternative development concepts. The seller is also willing to take the current plans through the permitting process and consult for new developers for an additional fee, with permit approval estimated in two to three months. Located directly on Central Avenue within the Central Activity Corridor, the property benefits from excellent visibility, strong signage potential, and proximity to major infrastructure investments and ongoing redevelopment. This site is ideal for buyers seeking a modern live/work design, investors looking for flexible resale or rental opportunities, or developers ready to capitalize on a permit-ready project in one of the city’s most active redevelopment corridors. SELLER FINANCE negotiable through construction.