About 2540 1st Avenue N
Unlock a high-yield, multi-stream investment strategy in the heart of the Grand Central District. Clemmons Court introduces a revolutionary "Live-Work-Earn" model that caters to the modern professional and the portfolio-minded investor alike. Situated in a coveted Non-Flood Zone (Zone X) and Non-Evacuation Zone, this newly built city retreat offers 2,965 total square feet of thoughtful design and unmatched versatility. The primary residence is a sleek 2,050 sq ft home featuring three bedrooms, 3.5 bathrooms, engineered hardwood floors, marble finishes, and custom wood cabinetry. But the real draw lies in the TWO DISTINCT PASSIVE INCOME PLAYS BUILT DIRECTLY built directly into the site plan: INVESTMENT STREAM 1: Capitalize on the 538 sq ft ground-floor commercial retail space. With a private entrance on First Avenue N and its own half-bath, it’s a turnkey opportunity for a boutique storefront, a high-end personal office, or a steady commercial lease. INVESTMENT STREAM 2: The property includes a detached two-car garage topped by a 377 sq ft Accessory Dwelling Unit (ADU). This self-contained suite—complete with a full kitchen, bathroom, and walk-in closet—is a ready-to-go rental engine or guest house. Whether you occupy the main house and let the retail and ADU units cover your mortgage, OR LEASE ALL THREE COMPONENTS for a triple-threat ROI, the math works. The four single-family homes of Clemmons Court encircle a private, European-style courtyard, offering a quiet escape just steps from the high-energy pulse of St. Pete. You’re perfectly positioned near the city's most talked-about spots: grab coffee at Bandit, dinner at Mythos, or drinks at WildChild. This is a rare chance to own a piece of a limited-edition community designed for the future of urban living. September 2026 delivery. Maximize your portfolio with a property that works as hard as you do.
Features of 2540 1st Avenue N
| MLS® # | TB8539472 |
|---|---|
| Price | $1,393,500 |
| Bedrooms | 4 |
| Bathrooms | 6.00 |
| Square Footage | 2,965 |
| Acres | 0.04 |
| Year Built | 2025 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Listing Details
| Office | COMPASS FLORIDA LLC |
|---|
Listing Map
Neighborhood Information for 2540 1st Avenue N
Moderate Residential Turnover, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
St. Petersburg High School Public - 9Th Grade to 12Th Grade - Closest High School |
0 Miles | |
|
Mount Zion Christian Academy Private - to |
1 Miles | |
|
Gibbs High School Public - 9Th Grade to 12Th Grade |
1 Miles | |
|
|
Pinellas Technical College - St Petersburg Public - to |
1 Miles | |
|
John Hopkins Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
1 Miles | |
|
|
Melrose Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
|
Young Achievers Learning Center Private - Preschool to 5Th Grade |
1 Miles |
School data provided by GreatSchools