Property Description

INVESTOR & DEVELOPER DREAM! Seize the opportunity to acquire a prime redevelopment site of a Multi-Use Income Assemblage in Booming SOUTHEAST SEMINOLE HEIGHTS!Unlock the potential of this rare 4-lot income-producing assemblage strategically located in one of Tampa's fastest-growing districts-Southeast Seminole Heights. Just minutes from Downtown Tampa, Armature Works, I-275, I-4, and the Riverwalk, this high-visibility, high-traffic (160,000+ vehicles/day) corridor presents a prime opportunity for redevelopment, value-add investment, or long-term holding.Zoned SH-CG (Commercial General), the site offers flexible mixed-use development options including retail, residential, multi-family, and boutique commercial. Situated within a designated Opportunity Zone and active CRA district, investors may also benefit from substantial tax incentives and city-supported growth initiatives.Property Overview:Lot 1 (4320 N Nebraska Ave | 12,600 SF): Parking lot + Ice machine producing $1,100/month.Lot 2 (4330 N Nebraska Ave | 5,481 SF): Commercial parcel with small restaurant + key shop producing $3,000/month.Lot 3 (815 E Chelsea St | 2,263 SF): 1,260 SF garage/storage-vacant, ideal for adaptive reuse or expansion.Lot 4 (813 E Chelsea St | 4,650 SF): Charming 1940s bungalow (approx. 3,631 SF) with projected rental income of $2,500/month.Total Current Income: Approx. $6,600/month, with substantial upside through lease-ups, improvements, or phased redevelopment.Investment Highlights:Flexible Zoning (SH-CG): Ideal for mixed-use or high-density residential.High-Income Area: Median household income $78,604+ and rising.Rental Demand: Median rents in the $2,500/month range support consistent cash flow.Historic Character: Includes a 1940s bungalow with adaptive reuse or boutique commercial potential.Opportunity Zone & CRA Location: Tax advantages + city support for ADUs, walkability, and neighborhood revitalization.Infill & Multi-Family Growth: Area attracting significant private and public redevelopment-townhomes, duplexes, and multi-family projects are underway.Green ARTery Network Access: Trail system connects to Tampa Heights, Ybor City, and Riverwalk-boosting lifestyle value and desirability.Why Southeast Seminole Heights?Recognized for historic bungalow charm (nationally featured in 2003 & 2025)Median home prices surged 41 YoY (Feb 2025)-$600K+ in nearby historic zonesZoning changes allow greater density-townhouses and duplexes now permitted in formerly single-family zonesDevelopment momentum is strong, with city-backed support for increased connectivity, infill, and urban livingWhether you're a seasoned investor, developer, or visionary entrepreneur, this property offers a rare mix of cash flow, character, location, and upside potential. With the right strategy, this site is poised to deliver exceptional returns in a neighborhood on the rise.

Property Features