3918 ARKANSAS AVENUE NE Under contract-accepting backup offers. Attention investors! This cash-only property is your opportunity to transform or build anew in one of St. Pete's most desirable neighborhoods. This 3-bedroom, 2-bathroom home with a 2-car garage sits on a peaceful .16-acre lot in Shore Acres. While the home experienced flooding during recent hurricanes, it’s priced accordingly and offers endless potential for the savvy buyer. Renovate the existing structure or tear it down and design a custom home – the choice is yours. The lot provides ample space to create a luxurious backyard sanctuary or expand for modern living. Shore Acres is seeing a surge of new construction and development, making this an ideal opportunity to invest in a rapidly growing area. The property is conveniently located near trendy restaurants, Whole Foods, shopping, downtown St. Pete, public water access, a boat ramp, and the recently renovated Shore Acres Recreation Center. This property is sold As-Is and listed below market value, offering an excellent chance for you to capitalize! Don’t miss this opportunity to build equity and create your vision of Florida paradise!