Property Description

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!

Features

Heating System:: Central
Cooling System:: Central Air
Carport Spaces:: 2
Exterior Features:: Awning(s)
Flooring:: Wood
Interior Features:: Walk-In Closet(s)
Sewer:: Public Sewer
Utilities:: Public

Appliances

Appliances:: Cooktop

Address Map

Country:: US
State:: FL
County:: Hillsborough
City:: Tampa
Subdivision:: PARK CITY
Zipcode:: 33609
Street:: ARRAWANA
Street Number:: 116
Street Suffix:: AVENUE
Longitude:: W83° 30' 42.5''
Latitude:: N27° 56' 37.8''
Directions:: From the Salmon Expressway going West take exit 4 toward Willow Ave. onto W Cleveland St. Go for 1.1 mi. Then 1.1 miles Turn slightly right onto S Tampania Ave. Go for 269 ft. Then 0.05 miles Turn left onto N Cleveland St. Go for 509 ft. Then 0.10 miles Turn slightly left onto S Arrawana Ave. Go for 102 ft. Then 0.02 miles 116 S Arrawana Ave Tampa, FL 33609-3206
Mls Area Major:: 33609 - Tampa / Palma Ceia
Street Dir Prefix:: S
Zoning:: RM-16