*Attention Developers*: Extremely rare opportunity to acquire two neighboring corner lots being sold together in one of South Tampa’s fastest-growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner’s relocation presents a unique chance to secure two RM-16 zoned multifamily parcels totaling over 12,300 sqft at a… Read More compelling basis in a market where new construction townhomes are selling for 850k - 1.2m+ per unit. So what makes this opportunity so special? 1) Two parcels being sold together: 114 S Bungalow Park Ave and 2801 W Cleveland St, each approx. 0.14 acres with RM-16 multifamily zoning. 2) Three existing single and multifamily structures in fair condition, totaling 5 units. Consisting of: one 2 bed / 1 bath single-family home (1064 heated sqft), two duplexes (1 bed / bath units on each side, 4 beds total, 1092 & 1002 heated sqft respectively). 3) Prime potential redevelopment opportunity in a proven townhome corridor. Based on lot size and positioning, approval for 5 sizable townhomes is likely (buyer to verify). 4) Corner lot positioning enhances design flexibility, access, and end-product desirability. 5) Prime location, within the highly sought-after Mitchell-Wilson-Plant school district, and minutes from groceries, shopping, and the dining and nightlife Hyde Park Village, Midtown, Downtown Tampa, and Howard Avenue. Easy access to I-275, Tampa International Airport, University of Tampa, all of South Tampa’s top amenities.
Whether you're looking to redevelop into high-end townhomes, hold for rental income, or execute a phased development strategy, properties offering this level of location, density potential, and flexibility are exceptionally rare. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted. Read Less
Courtesy of RICHARD PETERS REALTY LLC 352-448-9712
Listing Snapshot
Days Online
0
Last Updated
Property Type
Quadruplex
Beds
6
Square Ft.
3,162
Lot Size
0.28 Acres
Year Built
1940
MLS Number
TB8491887
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Other equipment: None
Building
Built in 1940, Living area: 3162, Living area units: Square Feet, Construction Materials: Block, Frame
Cooling
Wall/Window Unit(s)
Exterior Features
None
Fireplaces
Masonry
Foundation
Slab
Heating
Electric
Interior Features
Open Floorplan
Laundry
Electric Dryer Hookup, Washer Hookup
Lot
0.28 acres, Dimensions: 50x123
Parking
1 carport space
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: A-22-29-18-3NY-000001-00015.0, Public Survey Range: 18, Public Survey Section: 22, Annual Amount: $15,735, Tax Block: 1, Tax Book Number: 8-49, Legal Description: BUNGALOW CITY LOT 15 BLOCK 1, Lot: 15, Year: 2025, Zoning: RM-16
Utilities
Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
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Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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