PROPERTY HIGHLIGHTS

TYPE

Single Family Residence

BEDROOMS

3

BATHROOMS FULL

2

LIVING AREA

1,664 sq.ft.

LOT SIZE

0.22 acres

YEAR BUILT

1935

PRIVATE POOL

No

SELLING FIRM

Coldwell Banker Realty

MLS#

TB8384043

Read more about this listing 116 S ARRAWANA AVE TAMPA, FL 33609

Approximately 9,548 square foot lot zoned RM-16 (Single Family, Multi-Family) with development potential for 4 Townhomes in desirable and thriving Park City. The lot is located near Hyde Park, Davis Islands, and Downtown Tampa. Nearby, new luxury townhomes have demonstrated strong resale values between $900,000 and $1,000,000, indicating the area's appeal. The property currently features a single-family home with 3 bedrooms and 1 bathroom, as well as a detached studio with a full bathroom and kitchenette, both of which are in need of some updating. Update existing buildings or this lot presents an ideal opportunity for an upscale, multi-unit development project, catering to a variety of housing needs in a highly sought-after location. Seller Motivated!
If there is no accepted contract with a developer or builder by August, the Seller will be updating the buildings and re-listing the property at market value. Perfect for owner occupied and the studio can be used for an in-law, teenager or a rental.
If a buyer wants to be involved in the updates, paint colors and appliances schedule an appointment today. The value of the land will continue to increase and should always be ready to build up to 4 townhomes. Sell to a builder in the future or build yourself and reap the rewards. Take advantage of this opportunity.

...READ MORE ABOUT THIS HOME...

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PROPERTY DETAILS

INTERIOR FEATURES

Ceiling Fans(s), Walk-In Closet(s)

HEATING

Central

COOLING

Central Air

FIREPLACE

Yes

FIREPLACE FEATURES

Living Room

EXTERIOR FEATURES

Awning(s)

COMMUNITY POOL

No

WATERFRONT

No

COUNTY

Hillsborough

MORTGAGE CALCULATOR

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Listings courtesy of Stellar MLS as distributed by MLS GRID based on information submitted to the MLS GRID as of Wed, 30 Jul 2025 20:35:57 GMT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Property information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.