2749 Edwards Avenue S

Description

Welcome to Ling A Mor, nestled in the heart of St. Petersburg's coveted Old Southeast—one of the city's most desirable neighborhoods. This exceptional buildable homesite is just blocks from the sparkling waters of Tampa Bay, Lassing Park, Big Bayou with its public boat launch, and the iconic Chattaway, which is undergoing an exciting transformation. Bordering the thriving Innovation District, Old Southeast has become one of St. Pete's premier destinations for luxury new construction. New homes in the area are commanding $400+ per square foot, making this an outstanding opportunity for builders, developers, and investors alike. The NT-2 zoning allows for the construction of a custom single-family residence with an Accessory Dwelling Unit (ADU). Even better, the adjacent lot is also available, creating the opportunity to develop up to four total residences across both parcels—an increasingly rare opportunity in this highly sought-after location. An added bonus: The existing residence is already scheduled for demolition, potentially saving the future owner months of permitting time and allowing construction to begin sooner. Whether you're looking to build luxury homes for resale or create a high-performing investment portfolio, opportunities with this level of upside are becoming increasingly rare. With exceptional profit potential in one of St. Petersburg's hottest neighborhoods, this is a project you don't want to miss! Please do not walk the property.