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116 S Arrawana Ave Tampa, Florida 33609 MLS# MFRTB8384043
The property currently features a 1,438 sq. ft. single family home with 3 bedrooms and 1 bathroom plus a 226 sq. ft. detached studio with a full bathroom and a kitchenette. The true opportunity lies in redevelopment: Unlock the full value of this prime multi-family lot with development potential for 3 units. Consult with Tampa Zoning for specifics. Survey attached. RM-16 zoned lot in Park City near Hyde Park, Davis Islands and Downtown Tampa. The lot's unique pie shape can accommodate a minimum of 2 luxury townhomes of 2,200 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.
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