402 W COLUMBUS Dr Tampa, FL 33602

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Listed by Asad Shaikh · License #3373314 Show Phone

Source Elliman

Added: Apr 15 Checked: Jul 17 at 5:50 am

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Investment Insights

Based on property information with market context.

Located three blocks from Armature Works, the property consists of two parcels totaling 15,240 square feet. It features 120 feet of frontage on W Columbus Drive and 127 feet on N Massachusetts Avenue. The current zoning is CG, allowing for broad commercial uses. The future land use is CMU-35, permitting up to 12 dwelling units at 35 dwelling units per acre, or 30,480 square feet of development at a Floor Area Ratio of 2.0. The property is located in a designated Opportunity Zone, with potential for additional density under the Live Local Act. Currently, there are two existing triplexes on the land, generating a gross monthly income of $7,100. Four luxury townhomes are under construction at 401 W Amelia Ave, and eight more at 405 W Amelia Ave, both adjacent to the site. Surveys, an arborist report, and development concepts are available.

Key Highlights

• Prime corner lot location, just three blocks from Armature Works, with alley access.
• Significant development potential with CMU‑35 zoning, allowing up to 12 dwelling units or 30,480 SF of development.
• Designated Opportunity Zone, potentially unlocking additional density via the Live Local Act.

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FAQs

What type of property is this?

Commercial land - Two parcels near Armature Works with development potential.

Where is this commercial land located?

The property is located at 402 W COLUMBUS Dr Tampa, FL.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Prime corner lot location, just three blocks from Armature Works, with alley access.; Significant development potential with CMU‑35 zoning, allowing up to 12 dwelling units or 30,480 SF of development.; Designated Opportunity Zone, potentially unlocking additional density via the Live Local Act.