4724 S 34th Ave, Tampa, FL 33619

Bridgewater Commercial Real Estate is pleased to offer this ±0.78-acre corner parcel as a compelling redevelopment opportunity in an established industrial and heavy commercial corridor within Hillsborough County’s Palm River area. The property is currently improved with a vacant single-family residence but is zoned Commercial Intensive (CI), a designation specifically created for intense commercial activities that generate greater external effects such as noise, traffic, vibration, and outdoor storage. The property is also located in a federally designated Opportunity Zone, providing potential tax advantages for qualifying investors.

The CI zoning provides significant flexibility and immediate usability. Permitted uses prominently include open storage and storage yards for equipment, machinery, vehicles, and materials, along with motor vehicle sales, rental, repair, body work, painting, truck terminals, warehousing, distribution, wholesale operations, lumber and building materials sales (with or without open storage), mini-warehouses, and various light industrial and heavy commercial activities. This makes the property especially attractive for owner-users or investors seeking outdoor storage capabilities that are far more restricted in lighter commercial districts.

The site benefits from strong surrounding land-use compatibility. All adjoining parcels to the north, east, and south are zoned Manufacturing, with the three parcels to the west also zoned CI. Future Land Use designations for surrounding properties are predominantly Manufacturing and Light Industrial, creating a cohesive environment with minimal transition risk. Recent portfolio sales of adjacent parcels to the west demonstrate strong buyer interest in this immediate industrial corridor.

The property is connected to City of Tampa water service and enjoys excellent visibility and access along S 34th Avenue, with convenient proximity to S 50th Street, I-75, and other major transportation routes. Strategically positioned in South Tampa, the location offers excellent market access with the broader Tampa Bay workforce, port facilities, airport, and regional customer base all reachable within a 5 to 25-minute drive.

In summary, this 0.78-acre CI-zoned parcel in an Opportunity Zone represents a rare opportunity to acquire a versatile site in a transitioning industrial corridor with explicit allowances for high-demand outdoor storage and heavy commercial uses. Investors can utilize a Qualified Opportunity Fund (QOF) to defer capital gains taxes by reinvesting gains into this property. The property is ideally suited for redevelopment into uses that capitalize on its zoning advantages and surrounding industrial character, offering strong upside potential in one of Florida’s most dynamic markets.