PD-Zoned Restaurant Development
1504 S Howard Avenue TAMPA, Tampa, FL 33606
New
PD-zoned parcel with an approved restaurant plan and parking for 47 near Hyde Park and Bayshore.
Property size:
23,991 SFLot size:
0.50 AcresPrice / SF:
$179/SF- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 8 at 2:38 am
Property Features for 1504 S Howard Avenue TAMPA
General Information
- Standard status
- Active
- Size
- 23,991 SF
- Lot size
- 0.50 Acres
Building Details
- Year Built
- 1957
Listing office (904) 569-5862
Listing date Jul 7, 2026
Source Movetojacksonville
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Morgan Friesen
HighLights
- 0.56‑acre, 1‑lot parcel in a PD zoning district with approved restaurant use plans
- Approved restaurant seating: 185 seats with 7,800 SF interior and 600 SF patio seating
- Parking for 47 spaces included with the approved restaurant development plan
- On the same folio: 1401 DeSoto—1957‑built house with 2,550 SF living area
- Frontage details: 59' on Desoto, 232' on Howard, and 232' on Hills
- Air conditioning (HVAC) available; asphalt road surface with business district/city street/main thoroughfare frontage
Overview
This offering presents a PD-zoned development parcel of approximately half an acre, currently approved for restaurant use. Included are architectural plans for an interior restaurant concept totaling 7,800 square feet with seating for 185, along with a 600-square-foot patio seating area. On-site parking is planned for 47 spaces to support the proposed operation, and the plans are included to help a buyer move forward with development efficiently.
The property includes a house located at 1401 DeSoto, built in 1957, totaling 2,550 square feet, and it provides multiple frontages: 59 feet on DeSoto and 232 feet each on Howard and Hills. The parcel is described as being in South Tampa’s SOHO area, steps away from Hyde Park and Bayshore Blvd, with surrounding established residential neighborhoods plus retail, dining, and nightlife.
For restaurateurs, owner-users, and investors, the combination of PD zoning and a ready, approved restaurant framework supports a straightforward path to develop a dining concept with indoor and outdoor seating, supported by on-site parking. The PD designation is described as offering flexibility to combine residential, commercial, institutional, recreational, and other uses, which can be useful for tailoring a future site plan within the planned development framework.
The property includes a house located at 1401 DeSoto, built in 1957, totaling 2,550 square feet, and it provides multiple frontages: 59 feet on DeSoto and 232 feet each on Howard and Hills. The parcel is described as being in South Tampa’s SOHO area, steps away from Hyde Park and Bayshore Blvd, with surrounding established residential neighborhoods plus retail, dining, and nightlife.
For restaurateurs, owner-users, and investors, the combination of PD zoning and a ready, approved restaurant framework supports a straightforward path to develop a dining concept with indoor and outdoor seating, supported by on-site parking. The PD designation is described as offering flexibility to combine residential, commercial, institutional, recreational, and other uses, which can be useful for tailoring a future site plan within the planned development framework.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $460.6k | $19.20 |
| − Vacancy | −$23.0k | −$0.96 |
| EGI | $437.6k | $18.24 |
| − OpEx | −$109.4k | −$4.56 |
| NOI | $328.2k | $13.68 |
23,991 SF · lease $19.20/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.69M
$4.10M – $5.47M
NOI $328,197 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.59M
$4.89M – $6.52M
NOI $391,245 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4830278
- Latitude
- 27.9274314
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - PD-zoned parcel with an approved restaurant plan and parking for 47 near Hyde Park and Bayshore.
Where is this commercial land located?
The property is located at 1504 S Howard Avenue TAMPA Tampa, FL.
What is the asking price?
The asking price for this property is $4,295,000.
What are key features of this property?
This property features: 0.56‑acre, 1‑lot parcel in a PD zoning district with approved restaurant use plans; Approved restaurant seating: 185 seats with 7,800 SF interior and 600 SF patio seating; Parking for 47 spaces included with the approved restaurant development plan
