****PENDING BUT ACCEPTING BACK UPS***** Welcome to the Magnolia Heights neighborhood, where opportunity awaits! This 5,489sqft vacant lot is the perfect canvas for your dream home! Located just under 5 miles away from the vibrant downtown of Saint Petersburg, you'll have easy access to all the amenities this bustling city has to offer… a plethora of restaurants, nightlife, shopping, beaches and the iconic Saint Pete Pier. Whether you're looking for a night out on the town or a leisurely stroll along the waterfront, this location has it all. The property itself has been cleared, providing a blank slate for your new construction project. Situated on a street that is currently undergoing revitalization, you'll be located on a street with new homes that are selling for over $1.3 million. This presents an incredible opportunity for future appreciation and investment potential. One of the standout features of this lot is its approval for an exterior Accessory Dwelling Unit (ADU) with separate electric meter and to be income producing. This allows for the possibility of additional rental income or the perfect space for a mother-in-law suite. The flexibility and potential of this feature are truly remarkable. Don't miss out on the chance to be a part of the thriving Magnolia Heights neighborhood. With its prime location, cleared lot, and the potential for additional income, this property is a rare find. Start envisioning the possibilities that await you in this sought-after area.