11755 1st St E, Treasure Island, FL 33706

VALUE IS IN THE LAND. LOCATED IN A ZONE THAT ALLOWS SHORT TERM LEASING = INCREDIBLE INCOME PRODUCING POTENTIAL! Unique opportunity to own this TREASURE ISLAND WATERFRONT property with large dock with room for docking 3 boats. SHORT TERM AIR BNB AND VRBO LEASING ABILITY! BUILD YOUR DREAM PROPERTY! PROPERTY ZONING ALLOWS FOR 2 USES: 3 RESIDENTIAL DWELLINGS OR 6 DWELLINGS HOTEL/MOTEL. BOAT SLIP COUNT WILL DEPEND ON USAGE YOU CHOOSE. All changes in zoning will need to be approved by City of Treasure Island Planning and Zoning Board. Outstanding location, shimmering water view and immediate access to the Gulf of Mexico! This property currently has RFM-30 Zoning (Resort Facilities Medium) that allows for short-term rentals (nightly!) with no restrictions on changes of occupancy meaning there are NO minimum or maximum lengths of time for occupancy. It can be for one day, a few days, weeks, or months. On Treasure Island this is extremely rare! Take advantage of this investment and income opportunity with ideal zoning to boosts to your income potential. Located just 1 block to the sand with miles of the Gulf of Mexico shoreline to wander. 71 feet of of waterfront on the Intracoastal Waterway with easy access to John's Pass. The perfect property for boaters. Surrounded by newly constructed luxury $1M+ townhomes. Lucrative potential for future redevelopment of this parcel. Only a limited number of these waterfront gems remain. Sizable 13,500 LB boat lift was installed 2019. Stroll to local restaurants, shops, and nightlife. Check out the video attached to this listing.