$1,300,000

Property Description

ATTENTION BUILDERS, DEVELOPERS & INVESTORS, SHOVEL-READY OPPORTUNITY IN THE HEART OF TAMPA HEIGHTS! Rarely does a fully entitled infill development opportunity become available in one of Tampa's most sought-after urban neighborhoods. Located just blocks from Armature Works, the Tampa Riverwalk, Downtown Tampa, and the city's most transformative redevelopment projects, this exceptional Tampa Heights site is primed for practically immediate development. Within just weeks, this property will have fully approved permits. This Opportunity Zone property will come with approved plans for four luxury three-story townhomes, allowing a developer to break ground immediately and eliminate the time, uncertainty, and carrying costs associated with the entitlement process. Whether your strategy is build-to-sell, build-to-rent, long-term hold, or short-term rental operation, this project offers multiple paths to maximize returns. The approximately 0.17-acre parcel is approved for a single building consisting of four luxury townhome residences, thoughtfully designed for today's urban lifestyle. With Tampa continuing to experience strong population growth, increasing demand for urban living, and ongoing investment throughout the urban core, the timing for this project could not be better. Positioned in Flood Zone X and located within an Opportunity Zone, investors may benefit from significant long-term tax advantages while capitalizing on one of Tampa's fastest-growing submarkets. The property is surrounded by major developments including Gasworx, the Central City YMCA redevelopment, Water Street Tampa, and the continued expansion of Downtown Tampa's residential and commercial footprint. All due diligence materials, plans, approvals, and development documentation will be available and passed on to the buyer. Opportunities to acquire a fully approved, shovel-ready project in this location are increasingly rare.

Property Facts & Features

Property Type

Land

Status

Active

Listed

Jun 11, 2026

ZIP Code

33602

Property Tax (2025)

$4,290/yr

Assessed Value

$213,092

Last Sold

$775,000 · May 21, 2024

Neighborhood

Ridgewood Park

County

Hillsborough

School District

Hillsborough County Public Schools

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 27.96675 · Lng -82.46290