*Being sold along with neighboring corner-lot property, 114 S Bungalow Park Ave* Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily-zoned parcel with an existing duplex in one of South Tampa’s most centrally located and fastest growing corridors, just minutes from Hyde Park, Midtown, and Downtown… Read More Tampa. The owner’s retirement presents a unique chance to secure a 6,150 sq ft (0.14 acre) RM-16 lot with significant value-add and redevelopment potential in a proven townhome corridor. So what makes this one so special? 1) Existing side-by-side duplex totaling 1,002 heated sq ft, with two 1 bed / 1 bath units. 2) The units require renovation and TLC. Latest improvements from recent years include plumbing completely redone in 2024 and a roof less than 5 years old. A/C is provided via wall units. 3) Large yard / lot footprint at 6,150 sq, enhancing future tenant appeal and providing additional flexibility for future design and redevelopment. 4) Development upside: RM-16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Corner lot positioning, enhancing access, design flexibility, and end-product desirability. 6) Prime South Tampa location, located within the highly sought-after Mitchell-Wilson-Plant school district and minutes from Hyde Park Village, Midtown, Downtown Tampa, and Howard Ave. Easy access to I-275, Tampa International Airport, and the University of Tampa.
Additional opportunity: Seller is also offering the neighboring parcel at 114 S Bungalow Park Ave. Purchase both properties together for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, layout flexibility, and long-term upside.
Whether you're looking to renovate and reposition for long-term cash flow, or redevelop into a high-end product, opportunities like this in core South Tampa are increasingly rare. Easy to show. No HOA/CDD. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted. Read Less
Courtesy of RICHARD PETERS REALTY LLC 352-448-9712
Listing Snapshot
Days Online
83
Last Updated
Property Type
Duplex
Beds
2
Square Ft.
1,002
Lot Size
0.14 Acres
Year Built
1951
MLS Number
TB8501615
Additional Details
Property Access
Road Surface: Asphalt
Building
Built in 1951, Living area: 1002, Living area units: Square Feet, Construction Materials: Asbestos
Cooling
Wall/Window Unit(s)
Exterior Features
Garden
Foundation
Slab
Heating
Electric
Interior Features
Ninguno
Laundry
None
Lot
0.14 acres
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: A-22-29-18-3NY-000001-00010.0, Public Survey Range: 18, Public Survey Section: 22, Annual Amount: $6,101, Tax Block: 1, Tax Book Number: 8-49, Legal Description: BUNGALOW CITY LOT 10 BLOCK 1, Lot: 10, Year: 2025, Zoning: RM-16
Utilities
Electricity Connected, Water Source: Public
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