Description
Rare opportunity to acquire approximately 1.15 acres in the heart of Tampa’s Seminole Heights, offering an attractive combination of an existing remodeled single-family residence and significant future development potential. This is a strong infill development location within the Seminole Heights / Urban village in Central Tampa; an ideal candidate for a developer seeking to maximize the site's land value. The property currently features a remodeled 3-bedroom, 2-bathroom home situated on a large assemblage totaling approximately 49,972 SF / 1.147 acres. The existing residence provides immediate usability while an investor or developer evaluates the property’s longer-term redevelopment potential. The property is currently zoned SH-RS – Seminole Heights Residential Single-Family with an R-10 Future Land Use designation. A City of Tampa zoning analysis identifies multiple potential development paths, including lot reconfiguration, redevelopment, and a potential rezoning to Seminole Heights Planned Development (SH-PD) to pursue increased density/intensity. Under the existing SH-RS framework, the zoning analysis indicates that the acreage could potentially support up to approximately 9 single-family lots, subject to required lot dimensions, access, infrastructure, setbacks and City approval. A 20-foot minimum access easement would be required, which would reduce the amount of land available for individual lots. Even more compelling, the property is identified as being within a Community Node Area, creating a potential opportunity to pursue a 1/4 density/intensity “Node bonus” through rezoning and the provision of qualifying amenities. The analysis indicates a potential density of approximately 11–12 dwelling units an acre, subject to the City of Tampa’s review and approval. An alternative path identified in the analysis is a Formal Decision / lot reconfiguration, which could potentially fit approximately 7–8 lots with redevelopment of the existing property, or approximat
