Located in a highly sought-after Gulf Street neighborhood, this approximately 1,400 square-foot home presents a rare opportunity for contractors or buyers looking to build their dream home in a prime location. Perfectly situated within walking distance to Gulf Beach, the center of town, train stations, restaurants, bars, the library, and more, the property offers both convenience and lifestyle appeal. The existing structure, while modest, has potential to be transformed into an open floor plan with 2-3 bedrooms and 1.5 baths. The solid two-car garage is in great condition and could be retained in future plans. The home is already connected to city water and city sewer, saving time and expense for new development. For those envisioning a larger residence, preliminary drawings for a stunning 3,000 square-foot colonial are also available to interested buyers.