Rare re-development opportunity nestled in the Historic Uptown District just minutes from downtown St Petersburg. The property has been issued approval for the construction of 2 brand new townhouses through the cities re-development process. Detailed project plans in hand which will be transferred to the new owner upon the completion of sale. Go from closing to construction immediately without any tedious paperwork or waiting around for months to receive the stamp off approval. This property provides a unique for opportunity for a savvy homebuyer looking to capitalize from the additional unit providing a passive income stream, or an investor/developer looking to take advantage of the huge upside potential with such a limited number of buildable lots within a close proximity to Downtown, accompanied with the overwhelming buyer demand in the area. Amazing St Petersburg location giving you easy access to Downtown St Petersburg, Tampa, International airports, world renown beaches, restaurants, nightlife, shopping, golf courses, sporting events, concerts, arts, and all the St Petersburg area has to offer. Detailed project docs available upon request.