Listing by: Rich Rawson, COLDWELL BANKER REALTY, 727-303-1621
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3 Beds
2 Full baths
1,664 SqFt
Active
Prime Duplex Lot with Development Potential for three units. Survey attached. Unlock the full value of this RM-16 zoned lot in Park City near Hyde Park, Davis Islands and Downtown Tampa. The property currently features a 1,438 sq. ft. single-family home (3 bedrooms, 1 bathroom) plus a 226 sq. ft. detached studio with a full bathroom and a kitchenette. The true opportunity lies in redevelopment: The lot's unique pie shape can accommodate a minimum of two luxury townhomes of 2,400+ sq. ft. each with an estimated resale value range from $900,000 to $1,000,000/unit. New construction townhomes are thriving throughout the neighborhood, making this an ideal site for upscale development. A possible third unit may be feasible, consult Tampa Zoning for specifics.
Property Details | ||
|---|---|---|
| Price | $659,000 | |
| Bedrooms | 3 | |
| Full Baths | 2 | |
| Half Baths | 0 | |
| Lot Size Area | 9548 | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.22 | |
| Property Type | Residential | |
| Sub type | SingleFamilyResidence | |
| MLS Sub type | Single Family Residence | |
| Features | Ceiling Fan(s), Walk-In Closet(s) | |
| Exterior Features | Awning(s) | |
| Year Built | 1935 | |
| Subdivision | PARK CITY | |
| Roof | Shingle | |
| Heating | Central | |
| Foundation | Crawlspace | |
| Laundry Features | Laundry Room, Washer Hookup | |
| Parking Description | Covered, Driveway, Off Street | |
Geographic Data | ||
| Directions | From I-275 North, take Exit 42 for Armenia Ave/Howard Ave. Turn left onto North Armenia Ave and continue driving south. After a short distance, turn right onto W Azeele Street. Then, make a left turn onto S Arrawana Ave. Continue on S Arrawana Ave, and 116 S Arrawana Ave will be on the right. As you travel south on I-275, take Exit 42 for Armenia Ave/Howard Ave. At the end of the exit ramp, turn right onto North Armenia Ave and continue heading south. After a short distance, make a slight right onto Park City Way. Continue on Park City Way, then turn right onto West Azeele Street. Proceed along Azeele Street and then turn left onto South Arrawana Ave. | |
| County | Hillsborough | |
| Latitude | 27.94382 | |
| Longitude | -82.488202 | |
| Market Area | 33609 - Tampa / Palma Ceia | |
Address Information | ||
| Address | 116 S ARRAWANA AVENUE, TAMPA, FL 33609 | |
| Postal Code | 33609 | |
| City | TAMPA | |
| State | FL | |
| Country | United States | |
Listing Information | ||
| Listing Office | COLDWELL BANKER REALTY | |
| Listing Office Phone | 727-360-6927 | |
| Listing Agent | Rich Rawson | |
| Listing Agent Phone | 727-303-1621 | |
| Special listing conditions | None | |
| Ownership | Fee Simple | |
| Terms | Cash, Conventional | |
| Virtual Tour URL | https://www.propertypanorama.com/instaview/stellar/TB8384043 | |
MLS® Information | ||
| Days on market | 0 | |
| MLS® Status | Active | |
| Listing Date | May 9, 2025 | |
| Listing Last Modified | May 10, 2025 | |
| Tax ID | A2229183NS00000400008.0 | |
| Tax Year | 2024 | |
| Tax Annual Amount | 9823 | |
| MLS® Area | 33609 - Tampa / Palma Ceia | |
| MLS® # | TB8384043 | |
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This information is believed to be accurate, but without any warranty.