10692 SNUG HARBOR RD NE St Petersburg, FL 33702

Excellent Development and Income Opportunity near Weedon Island, NE St Pete and easily accessible to South Tampa, Tampa International, the new Selmon Expressway and beyond. The property is deep and overlooks a preserve and pond at the rear of the property. A natural pristine view would be available from a taller 2-story home set on this preserve. Potential home sites are a quantity of 8 units with 50 ft width x approx. 150 ft depth. Existing developments at the end of Snug Harbor Road include $1M townhomes on the water, single family development and another great townhome community. New development includes a townhome development adjacent to this plat, currently selling finished units in the $350K-$400K range. This area is unincorporated Pinellas County, but has power, water and sewer services in place. Current owner, Sustainable Living, LLC has some green concepts in place. Consider expanding the concept with the community garden, cistern water collection in place, solar panels, and elevated homes. There are currently 5 residential rental units and 1 commercial business providing a monthly revenue of $6510 per month.