$700,000

Description

RARE DEVELOPMENT OPPORTUNITY IN EAST TAMPA! Located at 7201 E 21st Avenue, this offering features Phase Two of Allegra, a residential development opportunity consisting of a separate land parcel with an approved site plan for a planned 24-unit duplex expansion. Land only — construction is not included in the asking price. The approved plans provide an opportunity for a developer to move forward with the next phase of construction, subject to applicable requirements. Ideally situated in Hillsborough County’s East Tampa submarket, the property offers convenient access to Causeway Boulevard, US-41/50th Street, I-4, and the Selmon Expressway. The location is also near major employment and economic centers, including the Port of Tampa, Ybor City, and Downtown Tampa. The surrounding area features established residential neighborhoods and rental housing, making this an attractive opportunity to develop a professionally managed residential community. Phase One of Allegra is 100% complete, with Certificates of Occupancy issued, while Phase Two offers the potential to expand the development to a planned total of 44 residential units across both phases. Investors and developers may explore acquiring Phase Two independently or pursuing both phases together for a larger-scale development opportunity. Bring your vision to Allegra and capitalize on Tampa’s growing residential market!