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206 W Columbus Dr - 4-Townhouse Development Project 0.21 Acres of Residential Land Offered at $1,300,000 in Tampa, FL 33602
Investment Highlights
- Near Armature Works, Riverwalk and Downtown
- Shovel Ready and Opportunity Zoned
- Centrally Located in Tampa
Executive Summary
Development Opportunity | 4 Townhome Project | Prime Tampa Urban Core Location
This is a rare opportunity to acquire a fully entitled infill development project in the heart of Tampa’s urban renaissance. Situated just 4 blocks from Armature Works, the Tampa Riverwalk, and Downtown Tampa, this ±0.17-acre parcel comes with approved plans for four 3-story townhomes — ideal for resale, build-to-rent, or Airbnb/STR models. This shovel-ready Planned Development (PD) is approved for one building totaling four luxury townhome units, offering incredible flexibility to build and sell or build and hold. Located in an Opportunity Zone, this project provides the potential for a tax-free exit if held long term making it a strategic no-brainer investment.
Buyers have the option to retain the current engineer and architect already working on the project to seamlessly finish permitting and accelerate your timeline. Current floor plans can be adjusted to fit your vision.
Located in Flood Zone X! Surrounded by transformative projects like Gasworx, the Central City YMCA redevelopment, and just minutes to downtown Tampa, this location is poised for massive growth. All due diligence materials are available, schedule a meeting with the project team today and move forward with confidence.
Property Facts
| Price | $1,300,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.21 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | PD - PD Approved, FLU-RM24 | ||
| Price | $1,300,000 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.21 AC |
| Opportunity Zone |
Yes |
| Zoning | PD - PD Approved, FLU-RM24 |
1 Lot Available
Lot 191882-000
| Price | $1,300,000 | Lot Size | 0.21 AC |
| Price Per AC | $6,205,813.42 |
| Price | $1,300,000 |
| Price Per AC | $6,205,813.42 |
| Lot Size | 0.21 AC |
Development Opportunity | 4 Townhome Project | Prime Tampa Urban Core Location
Description
Unit A - 4 bed, 3.5 Bath First Floor - 344 SF Second Floor - 832 SF Third Floor - 842 SF Total : 2,018 SF Unit B&C - 4 bed, 3.5 Bath First Floor - 300 SF Second Floor - 803 SF Third Floor - 822 SF Total : 1,925 SF Unit D - 4 bed, 3.5 Bath First Floor - 285 SF Second Floor - 800 SF Third Floor - 821 SF Total : 1,906 SF Build/Sell: Average sales price last six months - $432 a Sq ft (Comparable 210 W Amelia Ave UNIT A, Tampa, FL 33602) Average Current List Price - $477 a Sq ft Build/Rent: Projected Rents: Unit A - $4,600 -$4,800 conservatively Unit B/C - $4,500 - $4,600 conservatively Unit D - $4,500 - $4,600 conservatively Rent Comps - 210 W Columbus Dr (next door) Average rent of $5,378 for a 4 bed 4 bath 2,250 SF units: https://www.zillow.com/homedetails/210-W-Columbus-Dr-6-Tampa-FL-33602/401886978_zpid/
Property Taxes
| Parcel Number | A-13-29-18-4XZ-000012-00002.0 | Improvements Assessment | $662 |
| Land Assessment | $212,430 | Total Assessment | $213,092 |
Property Taxes
Contact the Sale Advisor
206 W Columbus Dr - 4-Townhouse Development Project