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116 S Arrawana Ave Tampa, Florida 33609 MLS# MFRTB8384043
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.
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