5655 1ST AVENUE N Situated in the desirable Live Oak Neighborhood Association, this solid, single-level, concrete block, three (3) bedroom, two (2) bathroom home offers a rare opportunity on a sprawling 0.26 acre double lot measuring 90' x 125' in the coveted NTM-1 (Neighborhood Traditional Mixed Residential) zoning district. Whether you envision redeveloping up to eight units, subdividing for two single-family homes, or enjoying the flexibility of the current single-family residence on an oversized parcel, the possibilities here are exceptional. The home features many recent cosmetic updates and is centrally located with quick access to the sugary sands of Treasure Island and just minutes from the energy and amenities of booming downtown St. Petersburg. Located in Flood Zone X at an elevation of approximately 21 feet above sea level, this versatile property checks all the boxes for homeowners, builders, or savvy investors looking for long-term potential in one of St. Pete’s most convenient neighborhoods.