3801 ALABAMA AVENUE NE

Investment & Redevelopment Opportunity in Shore Acres | This prime investment property in the highly desirable Shore Acres neighborhood sits on a spacious 8,934 sq ft fenced corner lot, just minutes from downtown St. Petersburg and around the corner from the Shore Acres Recreation Center, public water access, boat ramp, Whole Foods, restaurants, boutiques, parks, trails & more! Whether you’re an investor, home builder, or developer, this property offers exceptional potential for redevelopment in one of St. Petersburg’s most sought-after waterfront communities. The existing single-family home, built in 1961, spans 1,336 sq ft with a one-car garage and terrazzo floors. Recent upgrades include brand-new impact-rated windows and doors and a new roof installed within the past year. However, due to flood damage, the home requires restoration and is being sold as-is for cash buyers only. For builders and developers, this large corner lot presents an excellent opportunity for new construction in an area where demand for elevated, flood-resilient homes is growing. Investors seeking a fix-and-flip project or a long-term rental will also appreciate the prime location, lot size, and strong resale value. Don’t miss this rare chance to invest or build in St. Pete! Cash offers only due to property condition. Transferable flood insurance policy in place.