Property
ActiveLand
1/7
$650,000

3540 1ST AVENUE

St Petersburg, FL 33711
0
Beds
0
Baths
0
SqFt
0.2
Acres
STELLAR
#U8218053
Updated: Jun 16, 2026, 11:53pm

Property Description

This permitted, approved, and shovel ready 6 unit multifamily property is the best opportunity in Tampa Bay! Brand new construction so insurance and capital expenditures will be very low. Seller is also offering the option of selling them as TWO SEPARATE TRIPLEXES! This is a whole new asset class of new construction 3 bed/2 bath floor plans that are not yet available in the market! A dream come true for any savvy investor seeking an exceptional income-producing asset. This property offers a unique chance to capitalize on the thriving real estate market and secure a solid investment for years to come. Each of the 6 units have been thoughtfully planned to maximize space and functionality, ensuring optimal comfort and convenience for future residents and tenants. With a seamless flow between living areas, bedrooms, and kitchens, these units offer an ideal balance of privacy and open concept living. The interiors are a perfect blend of style and substance, featuring high-end finishes, premium fixtures, and top-of-the-line appliances. From the elegant hardwood flooring to the designer lighting fixtures, every detail has been carefully curated to create an atmosphere of sophistication and refinement. As an investor, you'll be thrilled to know that this property is expected to operate as a 10% cap rate investment, with no capital expenditures required since it will be brand new construction. This means you can start generating income from day one without worrying about additional expenses. What's more, you have the opportunity to customize this property to your exact specifications. Floor plans, finishes, and every detail can still be decided on with the builder, allowing you to create a truly unique and personalized investment property. The builder is projecting a $1.2 million build for this exceptional multi-family property, ensuring a solid investment with a promising return on investment. Investors seeking a property with outstanding income potential need look no further. Don't miss out on this chance to be part of the thriving St Petersburg real estate market. Act now and seize the opportunity to own one of the best investment properties in all of Tampa Bay! Reach out today to discuss customization options and secure your place in this lucrative venture. Pre-construction financing also available!
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Property Details

Site & Exterior
Current Use
Unimproved
Flood Zone Code
X
I D X Participation
Yes
Lot Size Acres
0.2
Lot Size Area
8808
Lot Size Dimensions
80 x 110
Lot Size Square Feet
8808
Lot Size Units
Square Feet
Public Survey Range
16
Public Survey Section
22
Road Surface Type
Asphalt
Sewer
Public Sewer
Total Acreage
0 to less than 1/4
Utilities
Cable AvailableCable ConnectedElectricity AvailablePublicSewer AvailableSewer ConnectedWater AvailableWater Connected
Water Source
Public
Financials
Calculated List Price By Calculated Sq Ft
73.8
Contract Status Change Date
2023-10-19
Current Price
650000
Feed Types
BBO
Ownership
Fee Simple
Parcel Number
223116962280020050
Price Per Acre
3250000
Public Survey Township
31
Tax Annual Amount
1289.54
Tax Block
2
Tax Book Number
4-1
Tax Legal Description
WEST CENTRAL AVE RESUB BLK 2, LOT 5
Tax Lot
5
Tax Year
2022
Construction
Building Area Units
Square Feet
Living Area Units
Square Feet

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33711 - St Pete/Gulfport
Subdivision Name
WEST CENTRAL AVE RESUB
Listing provided courtesy of STELLAR via IDX. Updated: Jun 16, 2026, 11:53pm.
Zach Steinberger

Listing Agent

COMPASS FLORIDA LLC

Call Agent