116 S ARRAWANA AVENUETAMPA, FL 33609
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Prime Duplex Lot with Development Potential Unlock the full value of this RM-16 zoned lot in Tampa. The property currently features a 1,438 sq. ft. single-family home (3 beds, 1 bath) plus a 226 sq. ft. detached studio with a bathroom and kitchenette. The true opportunity lies in redevelopment: the lot's unique pie shape can accommodate a minimum of two luxury townhomes of 2,400+ sq. ft. each. Estimated resale values range from $900,000 to $1,000,000/unit. New construction townhomes are thriving throughout the neighborhood, making this an ideal site for upscale development. A possible third unit may also be feasible, consult Tampa Zoning for specifics.
| 7 hours ago | Listing updated with changes from the MLS® | |
| 17 hours ago | Listing first seen on site |
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Last checked: 2025-05-10 09:55 AM EDT
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