Property Description

RM-24 | 10, 922 SF | CORNER LOT | ALLEY ACCESS | 8 EXISTING RESIDENTIAL UNITS. BUILDERS and INVESTORS—amazing redevelopment opportunity in booming TAMPA HEIGHTS; one of the most vibrant and fastest-growing neighborhoods in Tampa! This is one of the few remaining large parcels in this highly active redevelopment area. This corner lot fronts N Highland Ave and W Frances Ave, with alley access along the north side, creating exceptional possibilities for future development. Located just ONE BLOCK FROM THE KAMINGO, an innovative and a modern mixed-use residential / retail development, slated to open in 2027; 2402 N Highland Ave is surrounded by significant new construction, redevelopment, and investment. The proximity of this parcel to the many Tampa Heights Properties in development now, gives new energy to the possibilities of its future use. This parcel currently has TWO single-family homes, a SIX-unit apartment building, and a detached garage / storage building. All units are separately metered and Short-term rentals are allowed. This Exceptional Tampa Heights location is just blocks from Armature Works, the scenic Tampa Riverfront Waterworks park, Highland Park, the YMCA, Perry Harvey Sr. Parks' skate park, a variety of shopping options, entertainment hubs, fine dining, as well as cultural / artistic venues and a short walk or bike ride to the river- with convenient access to Downtown Tampa, Ybor City and Tampa International Airport. With Tampa Heights continuing to experience substantial residential and commercial growth, parcels of this size, zoning, and location are becoming increasingly difficult to find.
This property has not changed ownership since 1960 and the owner currently rents the units at below-market rental rates, MTM, and has used this property as a service to the community for the past 15 years.
SELLER FINANCING: Seller will CONSIDER financing with a minimum HALF of purchase price down payment with a short-term FIRST mortgage only; -no second mortgage.
TENANT OCCUPIED — PLEASE DO NOT TRESPASS OR DISTURB TENANTS. Property tours are available BY APPOINTMENT ONLY with a minimum 72-hour lead time. Sight-unseen offers may not be seriously considered. (Buyer shall verify all information and measurements)