Mixed-Use Land for Sale in Tampa, Florida

Price improvement. Prime Tampa Heights corner lot with exceptional visibility and redevelopment flexibility.

Located at the corner of Palm Ave and Central Ave, this highly visible 68' x 133' (9,044 SF) parcel sits along a historic corridor with rear alley access and Flood Zone X. Larger than most neighborhood lots, the site offers strong frontage, efficient dimensions, and long-term upside in one of Tampa's most active infill markets.

Lot dimensions and RM-24 zoning support efficient redevelopment, with an existing structure in place to generate income during the planning phase. By right, the property supports four townhomes, appealing to production and small-batch builders, while also offering the scale and presence suitable for a signature custom home. Additional density or mixed-use may be achievable through a Planned Development, subject to City approval.

The property includes a 3-bedroom, 2-bath, 1,851 SF single-family home with a covered front porch, providing flexibility for interim rental income or owner occupancy while redevelopment plans advance.

Tampa Heights continues to experience accelerated residential and institutional investment. Nearby planned improvements include a new YMCA campus with hotel, retail, office, residential uses and pickleball courts, a Pirate Water Taxi stop at Armature Works, and a future streetcar extension connecting Tampa Heights to Downtown.

Less than one mile from Downtown Tampa and walkable to Armature Works, the Riverwalk, parks, dining, and entertainment, with convenient access to Ybor City and major highways.

Recent price reduction positions this as a compelling opportunity for builders, developers, investors, or custom home buyers seeking visibility, zoning strength, and long-term value in Tampa Heights.