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$851,000
3 Beds ⋅ 2 Baths ⋅ West Highlands SubDv. ⋅ 33602 Zip Code
419 W Park Avenue presents a high-value redevelopment opportunity in one of Tampa’s most coveted and rapidly growing neighborhoods. This property is situated on a 0.2-acre corner lot, with 132 feet of frontage on North Boulevard and rear alley access. It is zoned RM-16, offering valuable versatility, while safely nestled in flood zone X, and mere blocks from the Riverwalk and Armature Works. It even enjoys views of the downtown skyline. The surrounding area is experiencing significant transformation, with nearby new construction single-family homes topping $3M and townhomes approaching $2M per unit. With strong demand and continuing growth, this location offers exceptional upside potential. Notably, the property is not located within a historic district, simplifying the development process. While the true value lies in the land and its redevelopment potential for highest and best use, the existing 1924 bungalow offers immediate utility. The 3-bedroom, 2-bath home is well-maintained, featuring a spacious fenced backyard, inviting front porch, and an attractive interior layout, making it ideal for rental income during planning and permitting. With the recent groundbreaking of the West River BUILD Project, this area is poised for continued growth and appreciation. Don’t miss this opportunity in fantastic Tampa Heights. Survey and soil test available upon request.

419 W Park Avenue, Tampa
$999,999
8 Beds ⋅ 6 Baths ⋅ West Highlands SubDv. ⋅ 33602 Zip Code
Fully rented multi-unit investment opportunity just minutes from Armature Works and Downtown Tampa. This income-producing property features multiple structures with strong rental flexibility and future development potential in a rapidly growing corridor. The front building includes a 4 bedroom / 2 bath layout currently configured into four individual units, plus an upstairs 2 bedroom / 1 bath unit and an additional 1 bedroom / 1 bath unit below. In the rear of the property, a detached 1 bedroom / 1 bath cottage provides additional income and tenant appeal. Property features include community laundry, private laundry inside the 4/2, and multiple rental configurations designed to maximize cash flow. Prime location near the Riverwalk, Armature Works, Downtown Tampa dining, retail, and major employment hubs. Fully rented with immediate income in place. Strong cash flow today with long-term appreciation and redevelopment upside. Ideal for investors seeking stabilized returns in a high-demand area.

316 W Columbus Drive, Tampa