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408 E Palm Ave - Tampa Heights Development Site | RM-24 |Alley 0.21 Acres of Commercial Land Offered at $1,224,459 CAD in Tampa, FL 33602
Investment Highlights
- Tampa Heights location
- Multifamily / townhome potential
- Urban infill site
- RM-24 zoning
- Alley access
- Minutes to Downtown Tampa
Executive Summary
RM-24 zoning (24 units per acre) may support a 4-unit townhome or multifamily project, subject to buyer verification and City of Tampa approvals. Rear alley access enhances site efficiency and layout flexibility.
The property is located in Flood Zone X (buyer to verify), and features a well-proportioned lot that simplifies planning and design.
An existing 3BR/2BA single-family home (1,851 SF) offers potential interim rental income or can be cleared for redevelopment.
Additional density or mixed-use potential may be achievable through a Planned Development process, subject to municipal approvals.
Tampa Heights continues to see strong infill demand driven by proximity to Downtown Tampa, Armature Works, the Riverwalk, and ongoing area investment.
Property Facts
| Price | $1,224,459 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Property Type | Land | ||
| Zoning | RM-24 - RM-24 (Residential Multifamily, up to 24 units per acre). Suitable for multifamily or townhome development subject to approvals. | ||
| Price | $1,224,459 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.21 AC |
| Zoning | RM-24 - RM-24 (Residential Multifamily, up to 24 units per acre). Suitable for multifamily or townhome development subject to approvals. |
1 Lot Available
Lot
| Price | $1,224,459 CAD | Lot Size | 0.21 AC |
| Price Per AC | $5,830,757.11 CAD |
| Price | $1,224,459 CAD |
| Price Per AC | $5,830,757.11 CAD |
| Lot Size | 0.21 AC |
±0.21 AC (68’ x 133’) infill development site in Tampa Heights with frontage on E Palm Ave and rear alley access. RM-24 zoning supports multifamily or townhome development.
Description
Corner infill development site in Tampa Heights. Highly visible ±9,044 SF parcel with approximately 68' frontage on E Palm Ave and 133' along Central Ave, offering flexible site orientation and efficient design potential. RM-24 zoning (24 units per acre) may support a 4-unit townhome or multifamily project, subject to buyer verification and City of Tampa approvals. Rear alley access further enhances layout efficiency and parking design options. The property is located in Flood Zone X (buyer to verify). The site’s dimensions and dual frontage provide multiple configuration opportunities for builders seeking efficient unit layouts. An existing 3BR/2BA single-family residence (±1,851 SF) offers potential interim rental income or can be cleared for redevelopment. Additional density or mixed-use potential may be achievable through a Planned Development process, subject to municipal approvals. Tampa Heights is one of Tampa’s most active infill submarkets, driven by strong multifamily fundamentals and proximity to Downtown Tampa, Armature Works, and the Riverwalk.
Property Taxes
| Parcel Number | A-13-29-18-4XT-000001-00010.0 | Improvements Assessment | $161,355 CAD |
| Land Assessment | $257,803 CAD | Total Assessment | $419,158 CAD |
Property Taxes
Presented by
408 E Palm Ave - Tampa Heights Development Site | RM-24 |Alley
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