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    3905 15Th Ave Tampa, FL 33605

    For Sale
    $1,250,000

    .92-acre redevelopment opportunity in Tampa's Opportunity Zone.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.92-acre land parcel, located at 3905 E 15th Ave, Tampa, FL 33605, presents a compelling redevelopment opportunity within the East Tampa Opportunity Zone. The property consists of four lots (sold together only) totaling approximately 0.92 acres, with dimensions of 270' x 156' x 270' x 145', and boasts 270 feet of frontage on E 15th Ave. Zoned RM 24 for Residential Multi-Family use, this site is ideally suited for a variety of projects. Preliminary assessments suggest the potential for a 94-unit Assisted Living Care Facility (ACLF) or a 22-unit multifamily development, plus an additional 9 storage units. The property's location within the Opportunity Zone offers significant tax advantages for investors. Utilities are readily available, including water, sewer, and trash services provided by the City of Tampa, and electricity from TECO. The property is situated in an X flood zone. Folio numbers are 175381-, 175382-, 178383-0000. The 2023 real estate taxes totaled $7,724.00 for all parcels. The asking price for this prime development site is $1,250,000. This is a rare opportunity to acquire a substantial land parcel in a rapidly growing area with significant upside potential.

    Property Features for 3905 15Th Ave

    General Information

    Property type
    Retirement homes
    Lot Size
    40,075 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.415526516136
    Latitude
    27.966085204338

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    FAQs

    What type of property is this?
    Retirement home - .92-acre redevelopment opportunity in Tampa's Opportunity Zone.
    Where is this retirement home located?
    The property is located at 3905 15Th Ave Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    Request Owner's contact information
    3905 15Th Ave Tampa, FL 33605
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    Tampa, FL 33605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3905 15Th Ave Tampa, FL 33605
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