Under contract-accepting backup offers. Rare opportunity to acquire a commercially zoned property in Central St. Petersburg, just off 4th Street, offering excellent visibility and flexibility for redevelopment. This CCT-1 (Commercial Corridor Traditional) zoned lot features alley access and supports potential for a storefront, redevelopment project, covered land play, or future multifamily opportunity. Based on the lot area and density allowances, the property supports the potential for up to fo...Under contract-accepting backup offers. Rare opportunity to acquire a commercially zoned property in Central St. Petersburg, just off 4th Street, offering excellent visibility and flexibility for redevelopment. This CCT-1 (Commercial Corridor Traditional) zoned lot features alley access and supports potential for a storefront, redevelopment project, covered land play, or future multifamily opportunity. Based on the lot area and density allowances, the property supports the potential for up to four residential units, along with other commercial uses (buyer to verify all zoning, permitted uses, and development requirements with the City of St. Petersburg).The existing block home provides a starting point for those looking to renovate, reposition, or redevelop. Located in an established area with strong surrounding demand, this is a chance to secure a versatile piece of real estate in one of St. Petersburg's most active corridors. To Seller's knowledge, the structure did not take on water during prior years' storm events. Property is subject to existing code liens, which may be removed through the New Owner Code Lien Release Program.