116 S ARRAWANA AVENUE

TAMPA, FL 33609

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.

Listing courtesy of COLDWELL BANKER REALTY 7273031621



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-05-10 06:03 AM EDT