Mixed-Use Redevelopment in SE Seminole Heights
Mixed-Use Redevelopment Opportunity with Income – High Visibility Location Land | 0.57 acres
Marketing description
Prime Mixed-Use Redevelopment Opportunity in Southeast Seminole Heights
Unlock the full potential of this rare investment in one of Tampa’s most dynamic and evolving neighborhoods. Located in the heart of Southeast Seminole Heights and zoned SH-CG (Commercial General), this unique assemblage spans four contiguous lots and offers five income-producing sources, blending both residential and commercial tenants.
The property includes:
- A lot with a high-traffic ice vending machine generating $1,100/month
- A lot leased to a small restaurant and key shop, earning $3,000/month
- A 1,260 sq.ft. garage/storage building ideal for future flex use or rental
- A charming 1940s bungalow totaling 3,631 sq.ft., with projected rents of $2,500/month
- Dedicated parking lot, enhancing commercial usability and tenant appeal
With stable cash flow and future redevelopment potential, this is an ideal opportunity for investors, developers, or 1031 exchange buyers looking to stake a claim in a fast-growing urban core.
Located just minutes from Downtown Tampa, I-275, I-4, Tampa Riverwalk, and Armature Works, the property is surrounded by award-winning restaurants, craft breweries, and cultural hotspots. Seminole Heights is undergoing a major renaissance, with city-led initiatives focused on walkability, improved infrastructure, and support for ADUs and small businesses—making this the perfect time to invest.
Investment highlights
- Zoning: SH-CG (Commercial General) — versatile for mixed-use redevelopment
- Income Streams: 5 sources across 4 lots; current income approx. $6,600/month with upside potential
- Land Assemblage: 4 contiguous lots including parking, commercial, residential, and garage use
- High Visibility: Excellent street exposure and signage potential
- Redevelopment Potential: Located in an active CRA district with city support for ADUs and walkable design
- Strategic Location: Close to Downtown Tampa, major highways, and urban amenities
- Demographics: Median household income of $78,888 and growing; rental demand supported by $2,400 avg. rents
- Historic Charm: Bungalow character with potential for adaptive reuse or boutique commercial
- Growing Market: Seminole Heights has seen consistent appreciation and business growth over the past decade
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