This prime property is zoned Industrial Traditional, allowing for the development of up to three flex space or warehouse units, or even live work style accommodations (see attached rendering). Currently, the property features a charming 3 bedroom, 1 bathroom single family home with a updated roof, HVAC, electrical, plumbing that is already generating a steady income of $2,261 per month, providing immediate cash flow as you finalize your redevelopment plans. Situated in a dynamic area known for its growth and accessibility, this unique location offers the perfect blend of residential and commercial potential. Whether youre looking to expand your investment portfolio or create a custom space tailored to your vision, this property presents an exceptional canvas to achieve your goals. Seize the opportunity to capitalize on the thriving St. Petersburg market while enjoying the benefits of existing rental income. Dont miss out on this rare findexplore the possibilities!