1842 Oregon Avenue NESt Petersburg, FL 33703Price: $225,000

Opportunity to build new in Shore Acres! Situated on a north-facing 60 x 118 lot measuring approximately 6,969 square feet, this property offers an excellent opportunity for elevated new construction in one of Northeast St. Petersburg's most established neighborhoods. The existing 1952 residence contains approximately 1,207 heated square feet with three bedrooms, two bathrooms and an attached one-car garage. The home experienced flooding during multiple hurricanes and is being sold strictly as-is. There is a sump pump at the rear of the property - condition not warranted. Because the storm damage was not repaired as of January 1, 2026, the property is eligible to use the applicable 2024 pre-storm FEMA letter or Building Value Review prepared by Pinellas County. The property's 2024 FEMA letter indicates that up to approximately $75,000 in repairs may be permitted, subject to City review, permitting requirements and final approval. A buyer may explore repairing the existing residence, but the property may be best suited for removal of the current structure and construction of a new elevated home designed to meet current building and flood-elevation standards. Conveniently located near downtown St. Petersburg, waterfront parks, neighborhood amenities and everything the Tampa Bay lifestyle has to offer. Buyer is responsible for independently verifying the applicable FEMA letter or Building Value Review, allowable repair amount, zoning, setbacks, building requirements, substantial-damage or substantial-improvement limitations, demolition requirements and the feasibility of the buyer's intended use with the City of St. Petersburg. Please note HVAC is not in service and there is currently no power on at the property, please show during daylight hours.