Property Description

Huge Reduction! Developers and House Hackers take special notice! Rare double corner lot, in a true walk-to-all location with RM-10 zoning in the heart of highly desirable South Pasadena, just minutes from St Pete Beach, Central Avenue and Pinellas Trail. In particular interest to developers, this nearly .6 acre parcel consists of two platted lots, currently under common ownership, possessing the potential for the development of up to five townhomes (six with a possible variance). 7001 Hibiscus Ave S (Lot 18) - This parcel is .3 acres (allowing up to three dwelling units). It currently has two buildings; a 1960's-era block 1,344 sq ft single family home and a late 1990's compliant pillared three story 6,600 sq ft structure of which the primary second and third floors (4,400sf) are intact. 7011 Hibiscus Ave S (Lot 17) - This parcel is .296 acres (allowing up to two dwelling units). It currently has a 1950s-era wood frame single family home approved for reconstruction.Structures are flood damaged (2024) and first floors have been remediated to studs and are ready for reconstruction or demo. Knock it all down and build up to 5 townhouses or renovate and ride the rental wave to big profits. Owner will consider separating and entertaining appropriate offers for 7001 Hibiscus alone. UP TO 50% SELLER FINANCING MAY BE AVAILABLE FOR?BOTH LOTS - TERMS NEGOTIABLE.Recent surveys included in the MLS attachments.

Property Features