South Tampa Mixed-Use Redevelopment
4402 W LANCASTER STREET Tampa, FL 33616
4402 W LANCASTER STREET, Tampa, FL, 33616
$445,000
Pending
For Sale
$445,000
Pending
Mixed Use - TAMPA, FL
Property Size1,224 SF
Lot Size0.34 Acres
Days on Market168
Property Features for 4402 W LANCASTER STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Zoning
- CN
- Standard status
- Pending
- APN
- A-17-30-18-42E-000005-00013.0
- Size
- 1,224 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6754.25
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1953
- Building materials
- Frame
- Architectural style
- Other
Listing Agency
COMPASS FLORIDA LLC
(727) 339-7902
200 Central Ave, FL, FL
Listed by
Chase Reilly · License #3547114
(352) 209-8899
Added: Jan 30 Checked: Jul 17 at 1:06 pm
MLS# TB8471490
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.34-acre corner property, consisting of four lots, is located at the intersection of Manhattan Ave and Lancaster St in South Tampa. Zoned CN (Commercial Neighborhood), it offers redevelopment potential in a desirable location. The site is situated minutes from MacDill AFB, Dale Mabry Hwy, Bayshore Blvd, Gandy Blvd, and Picnic Island Park, as well as local dining options. The existing structure is a 2-bedroom, 2-bath home of 1224 square feet, which presents opportunities for renovation, income potential, or full redevelopment. The property is located in Tampa, Florida.
Key Highlights
- Oversized 0.34‑acre corner property consisting of four lots.
- Zoned CN (Commercial Neighborhood) offering outstanding redevelopment potential.
- Highly desirable South Tampa location.
Local Financial Insights For Mixed Use
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 | $29.4k | $24.00 |
| − Vacancy | −$2.9k | −$2.40 |
| EGI | $26.4k | $21.60 |
| − OpEx | −$9.9k | −$8.10 |
| NOI | $16.5k | $13.50 |
1,224 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$236.1K
$206.6K – $275.4K
NOI $16,524 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$285.2K
$249.5K – $332.7K
NOI $19,961 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 0.34-acre corner property with redevelopment potential in South Tampa.
Where is this mixed-use property located?
The property is located at 4402 W LANCASTER STREET Tampa, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Oversized 0.34‑acre corner property consisting of four lots.; Zoned CN (Commercial Neighborhood) offering outstanding redevelopment potential.; Highly desirable South Tampa location.
