www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24206457
24206456

206 W Columbus Dr, Tampa, FL 33602

Fortress Commercial Real Estate
Listed by Fortress Commercial Real Estate
Unpriced
351 days on market
Updated 90 days ago
Opportunity zone

Shovel-Ready, Entitled 4-Townhome Site in Tampa Heights

Details
Property Type Land, Multifamily
Sub Type Residential
Units 4
Lot Size (SqFt) 9,125
Zoning PD

Land | 9,125 SqFt

Marketing description

ATTENTION BUILDERS & INVESTORS!

Development Opportunity | 4 Townhome Project | Prime Tampa Urban Core Location

This is a rare opportunity to acquire a fully entitled infill development project in the heart of Tampa’s urban renaissance. Situated just 4 blocks from Armature Works, the Tampa Riverwalk, and Downtown Tampa, this ±0.17-acre parcel will come with approved plans for four 3-story townhomes — ideal for resale, build-to-rent, or Airbnb/STR models. This shovel-ready Planned Development (PD) is APPROVED for one building totaling four luxury townhome units, offering incredible flexibility to build and sell or build and hold. Located in an Opportunity Zone, this project provides the potential for a tax-free exit if held long term making it a strategic no-brainer investment.

Buyers have the option to retain the current engineer and architect already working on the project to seamlessly finish permitting and accelerate your timeline. Current floor plans can be adjusted to fit your vision.

Located in Flood Zone X! Surrounded by transformative projects like Gasworx, the Central City YMCA redevelopment, and just minutes to downtown Tampa, this location is poised for massive growth. All due diligence materials are available, schedule a meeting with the project team today and move forward with confidence.

Also see our sister site listed at 405 W Amelia Ave - Fully Entitled for 8 Townhomes.

Investment highlights

Unit A - 4 bed, 3.5 Bath

First Floor - 344 SF

Second Floor - 832 SF

Third Floor - 842 SF

Total: 2,018 SF

Unit B&C - 4 bed, 3.5 Bath

First Floor - 300 SF

Second Floor - 803 SF

Third Floor - 822 SF

Total: 1,925 SF

Unit D - 4 bed, 3.5 Bath

First Floor - 285 SF

Second Floor - 800 SF

Third Floor - 821 SF

Total: 1,906 SF

Build/Sell

Average sales price last six months - $432 a Sq ft

(Comparable 210 W Amelia Ave UNIT A, Tampa, FL 33602)

Average Current List Price - $477 a Sq ft

Build/Rent

Projected Rents:

Unit A - $4,600 -$4,800 conservatively

Unit B/C - $4,500 - $4,600 conservatively

Unit D - $4,500 - $4,600 conservatively

Rent Comps - 210 W Columbus Dr (next door)

Average rent of $5,378 for a 4 bed 4 bath 2,250 SF units:

https://www.zillow.com/homedetails/210-W-Columbus-Dr-6-Tampa-FL-33602/401886978_zpid/

Listing Contacts

Fortress Commercial Real Estate
Listed by Fortress Commercial Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Richard Coston
License
SL3565763
Brokerage
Fortress CRE
Brokerage Phone
(321)795-9833
Title
Broker of Record
Brokerage Address
307 S Blvd. Tampa, FL
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591