4320 N Nebraska Avenue Tampa, FL 33603
For Sale MLS# TB8411513
Commercial
Details for 4320 N Nebraska Avenue
MLS# TB8411513
Description for 4320 N Nebraska Avenue, Tampa, FL, 33603
INVESTOR & DEVELOPER DREAM! Seize the opportunity to acquire a prime redevelopment site of a Multi-Use Income Assemblage in Booming SOUTHEAST SEMINOLE HEIGHTS! Unlock the potential of this rare 4-lot income-producing assemblage strategically located in one of Tampa’s fastest-growing districts—Southeast Seminole Heights. Just minutes from Downtown Tampa, Armature Works, I-275, I-4, and the Riverwalk, this high-visibility, high-traffic (160,000+ vehicles/day) corridor presents a prime opportunity for redevelopment, value-add investment, or long-term holding. Zoned SH-CG (Commercial General), the site offers flexible mixed-use development options including retail, residential, multi-family, and boutique commercial. Situated within a designated Opportunity Zone and active CRA district, investors may also benefit from substantial tax incentives and city-supported growth initiatives. Property Overview: Lot 1 (4320 N Nebraska Ave 12,600 SF): Parking lot + Ice machine producing $1,100/month. Lot 2 (4330 N Nebraska Ave 5,481 SF): Commercial parcel with small restaurant + key shop producing $3,000/month. Lot 3 (815 E Chelsea St 2,263 SF): 1,260 SF garage/storage—vacant, ideal for adaptive reuse or expansion. Lot 4 (813 E Chelsea St 4,650 SF): Charming 1940s bungalow (approx. 3,631 SF) with projected rental income of $2,500/month. Total Current Income: Approx. $6,600/month, with substantial upside through lease-ups, improvements, or phased redevelopment. Investment Highlights: Flexible Zoning (SH-CG): Ideal for mixed-use or high-density residential. High-Income Area: Median household income $78,604+ and rising. Rental Demand: Median rents in the $2,500/month range support consistent cash flow. Historic Character: Includes a 1940s bungalow with adaptive reuse or boutique commercial potential. Opportunity Zone & CRA Location: Tax advantages + city support for ADUs, walkability, and neighborhood revitalization. Infill & Multi-Family Growth: Area attracting significant private and public redevelopment—townhomes, duplexes, and multi-family projects are underway. Green ARTery Network Access: Trail system connects to Tampa Heights, Ybor City, and Riverwalk—boosting lifestyle value and desirability. Why Southeast Seminole Heights? Recognized for historic bungalow charm (nationally featured in 2003 & 2025) Median home prices surged 41 YoY (Feb 2025)—$600K+ in nearby historic zones Zoning changes allow greater density—townhouses and duplexes now permitted in formerly single-family zones Development momentum is strong, with city-backed support for increased connectivity, infill, and urban living Whether you're a seasoned investor, developer, or visionary entrepreneur, this property offers a rare mix of cash flow, character, location, and upside potential. With the right strategy, this site is poised to deliver exceptional returns in a neighborhood on the rise.
Listing Information
Property Type: Commercial, Mixed Use
Status: Active
Lot Size: 0.57 Acres
Year Built: 2008
Construction: Other
Subdivision: Maxwellton Subdivision
Foundation: Other
County: Hillsborough
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Available,Municipal Utilities
Cooling: Wall/Window Unit(s)
Driving Directions
From Downtown Tampa, Take I-275 N. Use the right lane to take exit 46B toward FL-574/Martin Luther King Jr Blvd. Follow E Dr Martin Luther King Jr Blvd/E M.L.K. Jr Blvd to N Nebraska Ave. Turn left onto N Nebraska Ave. The property will be on the left.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: A-01-29-18-4GZ-000001-00002.0
Tax Amount: 9116
Tax Year: 2024
A broker reciprocity listing courtesy: BHHS FLORIDA PROPERTIES GROUP
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 4320 N Nebraska Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 4320 N Nebraska Avenue
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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