Description

This trail-oriented development (TOD) site enjoys exceptional accessibility from three sides: 64th Street S,the Trail itself, and 5th Ave S. As assembled, it carries by-right development potential for up to seven townhomes,with city-backed density increases anticipated to further strengthen that upside.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 PinellasTrail - one of the region's most treasured pedestrian and cycling trails, offering direct access toa 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 SFstructure, featuring a steel-trussed 2+ car garage and a large fenced storage yard with arolling 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 benefitsfrom 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 accessconfiguration 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 to20 residential units for every acre-allowing for up to 7 townhomes by-right-with additionalupside as the City of St. Petersburg continues to explore increased density along the PinellasTrail through proposed overlay strategies and transit-oriented initiatives such as theSunRunner (SunLine) corridor.Strategically positioned, the site is equidistant to Downtown St. Petersburg and the GulfBeaches, o?ering residents and users convenient access to two of the area's most desirabledestinations. 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 tomiles of scenic pathways that link parks, waterfront areas, local restaurants, breweries, artdistricts, and neighborhood retail nodes. This integration of nature, recreation, and culturecontinues to drive demand for trail-oriented development and enhances both residentialappeal 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 inSouth 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.