408 E Palm Ave Tampa, FL 33602

Located at the corner of Palm Ave and Central Ave in Tampa Heights, this parcel offers visibility and redevelopment flexibility. The lot measures 68 feet by 133 feet, totaling 9,044 square feet, and benefits from rear alley access. It is situated along a historic corridor and is located in Flood Zone X. The RM-24 zoning supports redevelopment, and the existing structure can generate income during the planning phase. The property supports the construction of up to four townhomes, appealing to both production and small-batch builders, and is also suitable for a custom home. Additional density or mixed-use development may be possible through a Planned Development, subject to City approval. The property includes a 1,851 square foot single-family home with 3 bedrooms and 2 bathrooms, featuring a covered front porch. This provides the option for interim rental income or owner occupancy while redevelopment plans are being developed. Tampa Heights is experiencing residential and institutional investment. Planned improvements in the vicinity include a new YMCA campus with hotel, retail, office, residential uses and pickleball courts, a Pirate Water Taxi stop at Armature Works, and a future streetcar extension connecting Tampa Heights to Downtown. The property is less than one mile from Downtown Tampa and within walking distance of Armature Works, the Riverwalk, parks, dining, and entertainment, with convenient access to Ybor City and major highways. This property presents an opportunity for builders, developers, investors, or custom home buyers seeking visibility, zoning strength, and long-term value.