

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