4320 N NEBRASKA AVENUE, Tampa, FL 33603 - Hillsborough County

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.

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