Listing Agency: COMPASS FLORIDA LLC

Listed By: John D Hudson, P.A. Show Phone

Source: Fulcrum-residential

Added: Nov 28, 2025 Changed: Oct 6 Last Checked: Oct 4 at 11:48AM

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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

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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

Explore this area Business Placement

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

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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