5116 Palm River Rd Tampa, FL 33619
This exceptional 5.69-acre parcel in Tampa, Florida, presents a remarkable opportunity for developers. Zoned PD, it's approved for the construction of up to 40 townhomes. The property, identified by APN U-22-29-19-ZZZ-000001-49740.0, is strategically located at 5116 Palm River Rd, Tampa, FL 33619, within Hillsborough County. Its prime location offers easy access to major roadways, including proximity to Interstate highways, Highway 301, and Crosstown Expressway, ensuring convenient commutes for future residents. The site's advantageous position also places it within close proximity to vibrant areas such as Ybor City and downtown Tampa, providing residents with easy access to a wealth of amenities, including shopping, dining, parks, and entertainment venues. The land is comprised of five contiguous parcels situated along two paved roads in a rapidly developing section of Tampa. The asking price for this highly desirable development site is $2,500,000. This represents a significant investment opportunity with substantial potential for return. Don't miss this chance to acquire a prime piece of real estate in a thriving Florida market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.