$750,000

Two adjacent lots in the highly desirable University South neighborhood of Downtown St Pete. Surrounded by multi-million dollar developments, these lots are some of the last few developable parcels in the area, perfect for a botique apartment complex, condos or townhomes. Zoning is DC-2, which allows for high density developments. See attached zoning regulations for more details. There are currently two bungalows on the property that are being vacated. They rented at $1,500/mo. each. 16.20.120.3.3. Downtown Center-2 (DC-2). This district provides for intense residential development that still allows for a mixture of uses that enhance and support the core and surrounding neighborhoods, including the domed stadium. The district also allows support retail and office uses which assist the residents with the daily needs of living within this highly urbanized neighborhood. The district establishes performance standards and design guidelines appropriate to urban form residential buildings. Heights in this district begin to taper down as development sites become less proximate to the core and transition to surrounding neighborhoods. However, base setbacks still apply, creating a pedestrian-scale environment at the sidewalk level.