408 E Palm Ave Tampa, FL 33602

This property is a 9,044 square foot parcel located on the corner of Palm Avenue and Central Avenue in Tampa Heights. Zoned RM-24, the lot has rear alley access and is in Flood Zone X. The zoning supports approximately four townhomes by right, with potential for additional density or mixed-use development subject to city approval. The property includes an 1,851 square foot home with three bedrooms, two bathrooms, and a covered front porch, which can be used for rental income or personal use while redevelopment plans are underway. The location offers both visibility and a presence on a historic corridor. The surrounding area is experiencing ongoing residential and infill development, along with improvements to community amenities. Plans are in place for a new 110,000 square foot YMCA campus featuring pickleball courts, a hotel, retail space, office space, and residential units. A Pirate Water Taxi stop at Armature Works provides riverfront access to Downtown, and a planned streetcar extension into Tampa Heights will enhance connectivity. Situated less than a mile from Downtown Tampa, the site is within walking distance of parks, the Riverwalk, dining, and entertainment, with convenient access to Ybor City and major highways. This property presents an opportunity for builders, investors, or individuals planning a custom home.