2
BEDS
1
BATHS
775
SQ.FT.
TYPE
Single Family Residence
BEDROOMS
2
BATHROOMS FULL
1
LIVING AREA
775 sq.ft.
LOT SIZE
0.11 acres
YEAR BUILT
1959
NEW CONSTRUCTION
No
SELLING FIRM
Red Sash Realty Llc
MLS #
TB8511110
One or more photo(s) has been virtually staged. North Hyde Park gem — collect income today while planning your future development opportunity. Situated on a prime 50x95 lot with convenient alley access in the heart of North Hyde Park, this property offers a rare combination of immediate cash flow and long-term upside.
The property was rezoned from IG (Industrial General) to RM-24 (Residential Multi-Family), with rezoning approved by the City of Tampa in December 2025, creating future residential development potential subject to permitting and approval requirements.
For illustrative purposes, the seller has partnered with Domain Homes to showcase a potential duplex concept: the “Sandhill” floor plan, featuring two units, each with 4 bedrooms, 4 bathrooms, and approximately 1,993 square feet. Floor plans and renderings are included in the listing photos. The current starting base price for the Sandhill model is approximately $619,800, exclusive of full site-specific development costs. Buyers interested in this concept should contact Domain Homes directly for a complete property evaluation and project estimate.
Comparable new-construction townhome product from the builder is currently being marketed in the mid-$700s per side. Based on current builder pricing and comparable product positioning, a completed two-unit duplex project could represent approximately $1.5M in potential total market value. Buyers are not required to use Domain Homes and may explore alternative builders, floor plans, and development concepts subject to their own due diligence and approvals.
Adding to the appeal, a charming 2-bedroom, 1-bathroom home of approximately 841 square feet currently sits on the property and is occupied by a reliable tenant paying $1,300 per month who is willing to remain in place while future development plans are pursued — providing immediate income from day one.
The existing home has been updated with a brand-new HVAC system, a new water heater, fresh interior paint, and new carpeting throughout. Inside, the spacious living room showcases striking, angled high ceilings that create an open, airy feel. Outside, enjoy a large fully fenced backyard with white vinyl fencing and no rear neighbors thanks to the I-275 buffer behind the property.
Location is everything, and this property delivers. Just minutes from Armature Works, the Tampa Riverwalk, Curtis Hixon Park, Julian B. Lane Riverfront Park, downtown Tampa dining, nightlife, and entertainment. Zoned for the highly sought-after Plant High School district.
Whether you are an investor seeking a cash-flowing hold with future upside or a builder looking for your next North Hyde Park project, 1541 W La Salle presents a compelling opportunity in one of Tampa’s most rapidly evolving areas.
Buyer to independently verify zoning, development potential, permitting requirements, construction costs, dimensions, and future resale values. Domain photos for a house that could be built on this lot, photos provided by Domain Homes
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Have you outgrown your current home, do you wish to downsize, or are you thinking about a change of scenery? Buying a home represents one of the most significant investments of your life. For most, this is an exciting but overwhelming time. You want someone looking out for your interests.
Whether new construction or pre-owned, we’ll help you find the perfect home to fit your needs. Our buyer services are paid for by the seller, so you can leverage our expertise without paying a buyers’ agent fee. We look forward to helping you start the next chapter of your Tampa Bay housing journey!
Listings courtesy of Stellar MLS as distributed by MLS GRID based on information submitted to the MLS GRID as of Wed, 26 Aug 2026 02:37:50 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.