OPPORTUNITY IS CALLING! This lot currently has a 1438 sqft single family home with 2 bedrooms and 1 bathroom as well as a 226 sqft studio space with 1 bathroom and a kitchenette.
The real opportunity lies in the RM-16 zoning this lot holds. City of Tampa says there is a possibility to build up to 3 units on this lot as long as the set backs and building restrictions are met. Consult with Tampa zoning department for more info.
Based on property’s pie shape it can fit 2 townhomes, anywhere from 2200+ sqft they can be sold at $800,000 – $959,000 PER UNIT.
See attachments for comps supporting this price.
New construction luxury townhomes are being built all around this area and would probably be the best use for this lot.
The home is currently leased. Please schedule a showing to see the home and do not disturb tenants!
The real opportunity lies in the RM-16 zoning this lot holds. City of Tampa says there is a possibility to build up to 3 units on this lot as long as the set backs and building restrictions are met. Consult with Tampa zoning department for more info.
Based on property’s pie shape it can fit 2 townhomes, anywhere from 2200+ sqft they can be sold at $800,000 – $959,000 PER UNIT.
See attachments for comps supporting this price.
New construction luxury townhomes are being built all around this area and would probably be the best use for this lot.
The home is currently leased. Please schedule a showing to see the home and do not disturb tenants!
Property Details
Price:
$650,000
MLS #:
T3473483
Status:
Active
Beds:
0
Baths:
0
Address:
116 S ARRAWANA AVENUE
Type:
Multi Family
Subtype:
Duplex
Subdivision:
PARK CITY
City:
TAMPA
Listed Date:
Sep 19, 2023
State:
FL
Finished Sq Ft:
1,664
ZIP:
33609
Lot Size:
9,548 sqft / 0.22 acres (approx)
Year Built:
1935
Units:
2
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
More About GaryMortgage Calculator
Schools
Interior
Appliances
Cooktop
Cooling
Central Air
Flooring
Hardwood
Heating
Central
Exterior
Construction Materials
Vinyl Siding
Exterior Features
Awning(s)
Roof
Shingle
Financial
Buyer Agent Compensation
2.5%-$350%
Tax Year
2022
Taxes
$1,681
Map
Community
- Address116 S ARRAWANA AVENUE TAMPA FL
- CityTAMPA
- CountyHillsborough
- Zip Code33609
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Courtesy of RE/MAX REALTY UNLIMITED. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 116 S ARRAWANA AVENUE
TAMPA, FL
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