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Investment Highlights

  • Fully Permitted 27-Unit Multifamily Development Shovel Ready
  • Located in Tampa's Growing Seminole Heights / Est Tampa Corridor
  • Approved Site Plans, Engineering & Infrastructure Plans, all plans 3 story Garden Style

Executive Summary

Rare shovel-ready multifamily development opportunity in Tampa, Florida. The site consists of approximately 1.29 acres and is approved for the construction of a 27-unit apartment community.
Construction plans have been permitted with minor administrative items remaining. The development is designed as a three-story garden-style apartment building with surface parking and efficient unit layouts.
The property is located in Seminole Heights with convenient access to I-275, Downtown Tampa, and major employment centers. Strong rental demand and continued population growth in the Tampa Bay area make this an attractive opportunity for developers and investors seeking a near-term construction start.
Impact fees and utility connection fees have been identified. Full development package including plans and engineering available upon request.
Owner disclosure : Seller is a real estate agent in Florida and has ownership interest In the property.

Data Room Click Here to Access

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual Annual Per AC
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per AC $9.99
Other Income
Annual $99,999
Annual Per AC $9.99
Vacancy Loss
Annual $99,999
Annual Per AC $9.99
Effective Gross Income
Annual $99,999
Annual Per AC $9.99
Taxes
Annual $99,999
Annual Per AC $9.99
Operating Expenses
Annual $99,999
Annual Per AC $9.99
Total Expenses
Annual $99,999
Annual Per AC $9.99
Net Operating Income
Annual $99,999
Annual Per AC $9.99

Property Facts

Price $2,250,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 1.29 AC
Zoning RM-24 - RM-24 Multifamily Residencial Zoning allowing up 24 units per acre. approved for 27 units apartment development.

1 Lot Available

Lot 1

Price $2,250,000
Price Per AC $1,744,186.05
Lot Size 1.29 AC

1.29 Acres Shovel ready Multifamily development site approved for 27 units. counteractions plans permitted minor administrative item remaining. impact and utilities feed identified. Prime Tampa Location in Seminole Heights ready for development.

Description

This offering presents a rare shovel-ready multifamily development opportunity located at 1914–1918 E Sligh Avenue in Tampa, Florida. The site consists of approximately 1.29 acres and is approved for the construction of a 27-unit apartment community. The project has been designed as a three-story garden-style multifamily building with surface parking and efficient unit layouts consisting of a mix of one-bedroom and two-bedroom apartments. The total rentable area is approximately 28,800 square feet. Construction plans have been submitted and permitted with minor administrative items remaining prior to final construction start. This allows a developer to move quickly into the construction phase while avoiding the typical entitlement and permitting timeline. The property is located in a rapidly growing area of Tampa near the Seminole Heights neighborhood, with convenient access to I-275, Downtown Tampa, major employment centers, retail corridors, and public transportation. The surrounding area has experienced strong population growth and rental demand, making it an attractive location for multifamily development. Impact fees and utility connection fees have been identified and the development package, including plans and engineering documents, is available for qualified buyers. The site offers a compelling opportunity for developers seeking a near-term construction start in one of Florida’s strongest rental markets.

  • Listing ID: 39792715

  • Date on Market: 3/16/2026

  • Last Updated:

  • Address: 1918- 1914 Sligh ave, Tampa, FL 33610

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