116 S Arrawana AVENUE

116 S Arrawana AVENUE Tampa, Florida 33609 United States

OPPORTUNITY IS CALLING! This lot currently has a 1438 sqft single family home with 2 bedrooms and 1 bathroom as well as a 226 sqft studio space with 1 bathroom and a kitchenette. The real opportunity lies in the RM-16 zoning this lot holds. City of Tampa says there is a possibility to build up to 3 units on this lot as long as the set backs and building restrictions are met. Consult with Tampa zoning department for more info.Based on property's pie shape it can fit 2 townhomes, anywhere from 2200+ sqft they can be sold at $800,000 - $959,000 PER UNIT. See attachments for comps supporting this price.New construction luxury townhomes are being built all around this area and would probably be the best use for this lot.The home is currently leased. Please schedule a showing to see the home and do not disturb tenants!

Source : MFRMLS DBA Stellar MLS

Listing Courtesy of RE/MAX REALTY UNLIMITED

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