1501 East 128th Avenue
- Total Size: 3.25± acres across four parcels
- Zoning: Multifamily-friendly area with development potential (buyer to verify)
- Location: Within close proximity to the University of South Florida, Busch Gardens, University Mall / RISE Innovation District, and major employment centers
- Accessibility: Quick access to I-275, I-75, and public transit routes
- Utilities: All utilities available and connected to the site
- Opportunity Zone: Located in a designated Opportunity Zone, offering potential capital gains tax incentives for qualified investments
Property Description
Oak Grove Commons at University Redevelopment Site – 3.25± Acres in Prime North Tampa Location Presenting a rare investment and redevelopment opportunity in the heart of North Tampa, this Redevelopment Site consists of four contiguous parcels, ideally situated within a designated Opportunity Zone, offering significant potential tax advantages for developers and investors. Property Breakdown: - Parcel 1 (Folio #035835-0100): ±0.45 acres, improved with a single-family home and a one-story duplex - Parcel 2 (Folio #035835-0000): ±1.10 acres, improved with six existing duplexes - Parcel 3 (Folio #035834-0000): ±0.46 acres, improved with a single-family home - Parcel 4 (Folio #035832-0000): ±1.24 acres, improved with a single-family home With utilities already in place and income-producing structures currently on-site, this property offers flexibility for both immediate cash flow and future redevelopment potential. The existing improvements could be reconfigured, upgraded, or fully redeveloped into a higher-density multifamily asset, capitalizing on the site's favorable zoning and growing demand for rental housing in the area. This property is ideally suited for a developer seeking a mid-sized multifamily project, workforce housing, or a residential concept in one of Tampa’s most active redevelopment corridors. The combination of in-place infrastructure, current rental income, and long-term development upside makes this a compelling offering in a supply-constrained rental market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| No. of Units: | 2 |
| Year Built: | 1954 |
| Lot Size: | 3.25 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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