$2,790,000
4320 Nebraska Avenue
Tampa, FL 33603
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
INVESTOR & DEVELOPER DREAM! Seize the opportunity to acquire a prime redevelopment site of a Multi-Use Income Assemblage in Booming SOUTHEAST SEMINOLE HEIGHTS! Unlock the potential of this rare 4-lot income-producing assemblage strategically located in one of Tampa’s fastest-growing districts—Southeast Seminole Heights. Just minutes from Downtown Tampa, Armature Works, I-275, I-4, and the Riverwalk, this high-visibility, high-traffic (160,000+ vehicles/day) corridor presents a prime opportunity for redevelopment, value-add investment, or long-term holding. Zoned SH-CG (Commercial General), the site offers flexible mixed-use development options including retail, residential, multi-family, and boutique commercial. Situated within a designated Opportunity Zone and active CRA district, investors may also benefit from substantial tax incentives and city-supported growth initiatives. Property Overview: Lot 1 (4320 N Nebraska Ave | 12,600 SF): Parking lot + Ice machine producing $1,100/month. Lot 2 (4330 N Nebraska Ave | 5,481 SF): Commercial parcel with small restaurant + key shop producing $3,000/month. Lot 3 (815 E Chelsea St | 2,263 SF): 1,260 SF garage/storage—vacant, ideal for adaptive reuse or expansion. Lot 4 (813 E Chelsea St | 4,650 SF): Charming 1940s bungalow (approx. 3,631 SF) with projected rental income of $2,500/month. Total Current Income: Approx. $6,600/month, with substantial upside through lease-ups, improvements, or phased redevelopment. Investment Highlights: Flexible Zoning (SH-CG): Ideal for mixed-use or high-density residential. High-Income Area: Median household income $78,604+ and rising. Rental Demand: Median rents in the $2,500/month range support consistent cash flow. Historic Character: Includes a 1940s bungalow with adaptive reuse or boutique commercial potential. Opportunity Zone & CRA Location: Tax advantages + city support for ADUs, walkability, and neighborhood revitalization. Infill & Multi-Family Growth: Area attracting significant private and public redevelopment—townhomes, duplexes, and multi-family projects are underway. Green ARTery Network Access: Trail system connects to Tampa Heights, Ybor City, and Riverwalk—boosting lifestyle value and desirability. Why Southeast Seminole Heights? Recognized for historic bungalow charm (nationally featured in 2003 & 2025) Median home prices surged 41 YoY (Feb 2025)—$600K+ in nearby historic zones Zoning changes allow greater density—townhouses and duplexes now permitted in formerly single-family zones Development momentum is strong, with city-backed support for increased connectivity, infill, and urban living Whether you're a seasoned investor, developer, or visionary entrepreneur, this property offers a rare mix of cash flow, character, location, and upside potential. With the right strategy, this site is poised to deliver exceptional returns in a neighborhood on the rise.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history292 days on market
- Status: ActiveJul 28, 2025
- Listed$2,800,000Jul 28, 2025
- Price reduced$2,790,000
Virtual Tour
Facts & features
- Property type
- Commercial Sale
- Sub type
- Mixed Use
- Status
- Active
- Days on market
- 292
- Subdivision
- Maxwellton Subdivision
- County
- Hillsborough
- Year built
- 2008
- Price/sq ft
- $3,710
- Building area
- 752 sq ft (Public Records)
- Lot size
- 24,994 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- X (0352)
- Annual taxes
- $9,116 (2024)
- Parcel #
- A-01-29-18-4GZ-000001-00002.0
- Zoning
- CG
- MLS #
- TB8411513
Heating & Cooling
- Cooling
- Wall/Window Unit(s)
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Conventional
- Ownership
- Sole Proprietor
Exterior & Construction
- Construction materials
- Other
- Foundation
- Other
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Available, Public
Listing Details
- Listing date
- 2025-07-28
- On market date
- 2025-07-28
- Original list price
- $2,800,000
- Occupant type
- Owner
- MLS area
- 33603 - Tampa / Seminole Heights
- Listing AOR
- Suncoast Tampa
- Status changed
- 2025-07-28
- Tax legal description
- MAXWELLTON SUBDIVISION CORRECTED PLAT LOT 2 BLOCK 1 ... PLAT E 1/2 OF LOT 1 BLOCK 1 LESS BEG AT THE NW COR OF THE E 1/2 OF LOT 1 BLOCK 1 RUN S 89 DEG 56 MIN E ALONG SLY R/W LINE OF CHELSEA ST 3.58 FT TO A PT 86.38 FT FROM SW COR OF THE INTERSECTION OF CHELSEA ST AND NEBRASKA AVE THENCE RUN S 00 DEG 42 MIN 75.53 FT N 89 DEG 56 MIN W 4.55 FT TO SW COR OF E 1/2 OF LOT 1 THENCE N 00 DEG 01 MIN E 75.52 FT TO POB LESS ADD L R /W FOR CHELSEA AND NEBRASKA, ... PLAT W 62 FT OF LOT 1 BLOCK 1 LESS ADD L R/W, ... PLAT E 28 FT OF W 90 FT OF LOT 1 BLOCK 1 AND BEG AT THE NW COR OF THE E 1/2 OF LOT 1 BLOCK 1 RUN S 89 DEG 56 MIN E ALONG SLY R/W LINE OF CHELSEA ST 3.58 FT TO A PT 86.38 FT FROM SW COR OF THE INTERSECTION OF CHELSEA ST AND NEBRASKA AVE THENCE RUN S 00 DEG 42 MIN 75.53 FT N 89 DEG 56 MIN W 4.55 FT TO SW COR OF E 1/2 OF LOT 1 THENCE N 00 DEG 01 MIN E 75.52 FT TO POB LESS ADD L R/W FOR NEBRASKA AT CHELSEA ST
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Downtown Tampa, Take I-275 N. Use the right lane to take exit 46B toward FL-574/Martin Luther King Jr Blvd. Follow E Dr Martin Luther King Jr Blvd/E M.L.K. Jr Blvd to N Nebraska Ave. Turn left onto N Nebraska Ave. The property will be on the left.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 16, 2026 at 2:50 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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