12021 Gandy Blvd N - Water Facing Hospitality Development 5.02 Acres of Commercial Land in Saint Petersburg, FL 33702

100Units.com presents This water facing 75 unit Multifamily or Hospitality development site at 11711 Gandy Boulevard North offering a rare opportunity for commercial, hospitality or multifamily development. 5.13 acres (1.15 acres usable) on 3 adjected parcels is situated facing Old Tampa Bay on a highly visible corner site in St. Petersburg’s Gateway submarket, the property benefits from direct frontage along a major thoroughfare, ensuring prominent exposure and accessible ingress/egress points. The parcel allows for flexible site planning tailored to diverse programmatic needs, while nearby infrastructure supports immediate build-ready conditions. Investors will appreciate the strategic positioning within a well-connected corridor, offering both proximity to employment centers and the potential to deliver a memorable, branded development. Offered at $500,000 discount to appraised value. Located directly across the street from Amara Bay: $120M development including: 415 luxury apartments, 53 townhomes, 150 Slip Marina and 37,800 SF public marina building, 8,000 SF waterfront restaurant and 3,000+ feet of walkable waterfront.