4400 34TH ST S St Petersburg FL 33711-4549

Exceptional investment opportunity featuring a high cash-flowing, 54-unit motel located at 4400 34th St S in St. Petersburg, Florida. This well-positioned hospitality asset offers strong in-place income with significant long-term upside.

The property is situated within the Skyway Marina District and falls under the Skyway Marina Development Activity Center zoning designation, allowing for enhanced redevelopment potential. Current zoning permits residential density of up to 96 units, with the ability to increase overall density to 120 units when incorporating workforce housing components.

This offering presents a rare opportunity to acquire a stabilized income-producing property with substantial future redevelopment flexibility in one of St. Petersburg’s rapidly evolving corridors.

• Strong In-Place Cash Flow – Established 54-unit motel with consistent operating income and proven performance.

• Value-Add & Redevelopment Opportunity – Significant upside through future repositioning or redevelopment under favorable zoning allowances.

• Skyway Marina District Location – Situated within St. Petersburg’s rapidly transforming Skyway Marina corridor, an area experiencing substantial public and private investment.

• Flexible Zoning Designation – Located within the Skyway Marina Development Activity Center, allowing:

  • Up to 96 residential units by right

  • Up to 120 total units with inclusion of workforce housing

• High-Density Development Potential – Rare opportunity to develop at meaningful scale in a growing South St. Petersburg submarket.

• Major Thoroughfare Frontage – Prominent location along 34th Street South (US-19 corridor), providing excellent visibility and accessibility.

• Proximity to Key Destinations – Convenient access to downtown St. Petersburg, Gulf beaches, Interstate 275, and the Skyway Bridge connecting to Manatee and Sarasota counties.

• Supply-Constrained Market – Increasing demand for both hospitality and residential product in a corridor with limited large redevelopment sites.

• Multiple Exit Strategies – Continue operating as a cash-flowing motel, reposition as an enhanced hospitality concept, or pursue higher-density residential redevelopment.