City approved 88 units. Additional density available. Discover a rare redevelopment gem in the heart of St. Petersburg’s booming Warehouse Arts District: an expansive 0.63-acre assemblage of two parcels offering unmatched potential for investors and developers eager to make their mark on one of Florida’s most dynamic neighborhoods. This assemblage, currently improved with an existing structure operating as a place of worship, is zoned Industrial Traditional (IT) and primed for adaptive reuse or full-scale redevelopment, with site plan approval for 88 residential units. The fact that this listing consists of two strategically assembled lots creates a footprint of scale that is nearly impossible to replicate in such a high-demand location, allowing buyers to move forward confidently on a transformative project with flexibility and vision. Located just blocks from the newly announced I-Mix District, steps from the St. Pete Athletic Club, and within blocks of the $100M+ Whitney Village mixed-use development, the property is positioned at the epicenter of the Warehouse Arts District’s growth—a cultural hub where historic industrial character blends seamlessly with cutting-edge new projects. IT zoning supports diverse uses, including multifamily, commercial, and innovative live/work spaces, making it adaptable to a wide range of strategies. Connectivity is another strength: the property directly links to the Pinellas Trail for a quick bike ride downtown, while nearby amenities include acclaimed art galleries, breweries, boutique shops, and Central Avenue’s thriving dining scene. The two-lot assemblage not only provides scale but also flexibility in site planning, circulation, and phasing, enabling bold designs not possible on a single parcel. With large-scale developments like Whitney Village and the I-Mix District driving demand and elevating property values, the timing for this investment could not be better. The approved site plan for 88 units reduces entitlement risk and accelerates the path to construction, while the existing structure could be creatively adapted for interim income or unique reuse. Investors will also value the turnkey utilities—city water, sewer, and electric already on site—further reducing barriers to redevelopment. With a combined 0.63 acres across two parcels, this offering presents a rare opportunity to deliver high-return residential, commercial, or mixed-use projects in a thriving location. Whether you envision modern apartments, vibrant live/work lofts, boutique retail, or a mixed-use campus blending lifestyle and commerce, this assemblage provides the canvas to bring bold concepts to life. For developers, institutional investors, or entrepreneurs looking to shape the future of St. Pete’s most exciting neighborhood, this dual-parcel assemblage is a once-in-a-lifetime chance. Don’t miss this opportunity to secure not one but two parcels combined into a premier redevelopment site with zoning flexibility, site plan approvals, utilities ready, and market demand accelerating—this is the moment to act.