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South Tampa Development Opportunity
For Sale
$2,300,000

3902 W ELROD Ave, Tampa, FL 33616

1.64 acre site approved for 20 townhome units.

Property SizeContact for details
Lot Size1.63 Acres
Days on Market275

Property Features for 3902 W ELROD Ave

General Information

Standard status Active
Lot size 1.63 Acres
Property subtype Land

Taxes and HOA fees

Annual Taxes $22,698
Listing Agency:
Listed By: John D Hudson, P.A.
Source: Elliman
Added: Nov 28, 2025 Changed: Aug 8 Last Checked: Aug 29 at 12:51PM

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 John D Hudson, P.A.

Investment Insights

Based on property information with market context.

This 1.64-acre property in South Tampa presents a development opportunity. The future land use designation is R-35. A planned development (PD) was approved in 2021 for a 20-unit villa-style townhome project, featuring two units per building. The future land use may allow for up to 45 multi-family units. Currently, there is an existing rental home on the property, occupied on a month-to-month basis. The site is conveniently located near schools, retail establishments, restaurants, Bayshore, and medical facilities.

Key Highlights

  • Rare 1.64‑acre site in South Tampa
  • Future Land Use is R‑35, potentially allowing up to 45 multi‑family units
  • PD approved in 2021 for 20‑unit villa style townhome project

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Dental Office Spa & Massage Center Hair Salon Skin Care Clinic Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

310
Businesses Nearby

Demographics for 33616, FL

14,802
Population
7,068
Households
2.1
Avg Household Size
36
Median Age
47%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
3,795
Density / Sq Mi
$88,971
Median Household Income
$54,946
Median Earnings
$1,794
Median Rent
$369,900
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Land - 1.64 acre site approved for 20 townhome units.
Where is this land located?
The property is located at 3902 W ELROD Ave Tampa, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Rare 1.64‑acre site in South Tampa; Future Land Use is R‑35, potentially allowing up to 45 multi‑family units; PD approved in 2021 for 20‑unit villa style townhome project
More about this property
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