$1,199,000

Description

A rare opportunity to acquire a uniquely positioned CCT-1 (Corridor Commercial Traditional) zoned assemblage in St. Petersburg's Bear Creek neighborhood, directly fronting the Pinellas Trail with approximately 150 feet of direct trail frontage - one of the region's most treasured pedestrian and cycling trails, offering direct access to a diverse mix of local businesses, cultural destinations, and natural environments. Located at 500 & 510 64th Street S, this two-parcel offering spans approximately 0.37 acres (16,117 SF) and presents a compelling opportunity for townhome development or a mixed-use concept in an area experiencing sustained residential and commercial growth. The existing improvements include 1,964 SF of heated interior space within a 2,720 SF structure, featuring a steel-trussed 2+ car garage and a large fenced storage yard with a rolling gate providing direct access to the Pinellas Trail. While functional for an owner-user, the true value lies in the land and its flexible redevelopment potential. What sets this site apart is its exceptional accessibility and visibility. The property benefits from multiple points of ingress and egress, including prominent curb cuts along 64th Street S, direct trail access from the southwest, and rear alley access. This three-sided access configuration enhances both usability and future development design flexibility. Zoned CCT-1, the property allows for a wide range of uses including professional office, retail, residential, live-work, and light service applications. For developers, the zoning supports up to 8 townhomes by right, with the potential for up to 11 townhomes if incorporating workforce housing - with additional upside as the City of St. Petersburg continues to explore increased density along the Pinellas Trail through proposed overlay strategies and transit-oriented initiatives such as the SunRunner (SunLine) corridor. Strategically positioned, the site is equidistant to Downtown St. Petersburg and the Gulf Beaches, offering residents and users convenient access to two of the area's most desirable destinations. Additionally, the property is just minutes from SunRunner BRT stations, providing efficient connectivity across the city and further enhancing long-term value. The Pinellas Trail frontage introduces a unique lifestyle component, connecting directly to miles of scenic pathways that link parks, waterfront areas, local restaurants, breweries, art districts, and neighborhood retail nodes. This integration of nature, recreation, and culture continues to drive demand for trail-oriented development and enhances both residential appeal and long-term asset value. Opportunities of this scale and flexibility - combining commercial zoning, trail connectivity, multiple access points, and residential development potential - are increasingly scarce in South St. Petersburg. This offering is well-suited for a buy-and-build development, a long-term hold, or an owner-user seeking a strategic location within a high-growth corridor.