$950,000

Description

Rare opportunity to acquire approximately 1.15 acres in the heart of Tampa’s Seminole Heights, offering an attractive combination of an existing remodeled single-family residence and significant future development potential. This is a strong infill development location within the Seminole Heights / Urban village in Central Tampa; an ideal candidate for a developer seeking to maximize the site's land value. The property currently features a remodeled 3-bedroom, 2-bathroom home situated on a large assemblage totaling approximately 49,972 SF / 1.147 acres. The existing residence provides immediate usability while an investor or developer evaluates the property’s longer-term redevelopment potential. The property is currently zoned SH-RS – Seminole Heights Residential Single-Family with an R-10 Future Land Use designation. A City of Tampa zoning analysis identifies multiple potential development paths, including lot reconfiguration, redevelopment, and a potential rezoning to Seminole Heights Planned Development (SH-PD) to pursue increased density/intensity. Under the existing SH-RS framework, the zoning analysis indicates that the acreage could potentially support up to approximately 9 single-family lots, subject to required lot dimensions, access, infrastructure, setbacks and City approval. A 20-foot minimum access easement would be required, which would reduce the amount of land available for individual lots. Even more compelling, the property is identified as being within a Community Node Area, creating a potential opportunity to pursue a 1/4 density/intensity “Node bonus” through rezoning and the provision of qualifying amenities. The analysis indicates a potential density of approximately 11–12 dwelling units an acre, subject to the City of Tampa’s review and approval. An alternative path identified in the analysis is a Formal Decision / lot reconfiguration, which could potentially fit approximately 7–8 lots with redevelopment of the existing property, or approximately 5–6 additional lots while retaining the existing home, subject to City approval and site-specific requirements. The Seminole Heights location, substantial land area, existing remodeled residence, and multiple potential development strategies make 7203 N 13th Street an attractive opportunity for builders, developers, investors and land assemblage buyers seeking infill residential development potential in Tampa. Development potential is subject to verification, permitting, rezoning, subdivision approval and all applicable City of Tampa requirements. The referenced zoning analysis does not guarantee approval of rezoning, density increases, lot splits or other development entitlements. Buyers should independently verify all development opportunities with the City of Tampa.