NORTH NEBRASKA AVE REDEVELOPMENT ASSEMBLAGE — ±0.48 ACRE, CI ZONING, INCOME IN PLACE
Four contiguous, commercially zoned parcels at 8127, 8133, 8139 & 8145 N Nebraska Ave assemble ±0.48 acre (±20,900 SF) and ±200 ft of continuous frontage into a single, development-ready site in Tampa's Sulphur Springs district — corridor-fronting infill… Read More land that rarely trades in one piece this close to Downtown Tampa. All four folios are under single ownership and sold together: one contract, one closing. Two existing buildings totaling ±11,778 SF are configured as up to five rentable units with two currently leased, providing income in place to carry the site through design and entitlement.
A redevelopment and community-improvement opportunity on a City of Tampa priority corridor. The Sulphur Springs Neighborhood Action Plan (2025) guides new housing, walkability, and reinvestment, and mixed-use/residential projects are already rising nearby.
WHY IT WORKS FOR MULTIFAMILY / MIXED-USE
CI (Commercial Intensive) zoning on a transit corridor — the land-use base Florida's Live Local Act rewards for residential density
Live Local Act pathway to by-right multifamily density and height (no rezoning) when 40%+ of units are affordable at 120% AMI or below
Missing Middle property-tax exemption — up to 100% ad valorem exemption on affordable units
LIHTC-eligible census tract; no Florida state income tax
Potential Florida Brownfield incentives (subject to environmental review)
Single ownership removes assemblage holdout risk
RIVERFRONT SETTING
Platted in 1904 as the original "Sulphur Springs Addition to Tampa," the neighborhood is anchored by the historic 214-ft Sulphur Springs Water Tower (1927). Just west toward the Hillsborough River: River Tower Park, Sulphur Springs Park (natural spring + spring-fed pool), and the Sulphur Springs Trail greenway, with ZooTampa at Lowry Park downstream — a built-in amenity base that supports rents and absorption.
TAMPA BAY GROWTH
One of the fastest-growing U.S. metros — 3.3M+ residents and a projected +397,000 by 2030, in a state with no personal income tax. Billions in capital are reshaping the core (Water Street Phase 2, Gasworx, Rome Yard, USF's on-campus stadium), and North Nebraska Ave is positioned to absorb the spillover — minutes from Downtown Tampa (~5 mi), USF (~4 mi) and I-275, ~15 min to Tampa International Airport.
USE PATHWAY: Hillsborough County land use — Commercial. City of Tampa zoning — CI. Future Land Use — CMU-35 (confirm with City Planning). Residential/mixed-use achievable by right via the Live Local Act; recommended use: mid-rise mixed-income multifamily with ground-floor commercial. Final entitlements, unit yield, and incentive eligibility subject to verification with the City of Tampa and qualified counsel. Read Less
Courtesy of ENGEL & VOLKERS TAMPA DOWNTOWN 813-863-1986
Listing Snapshot
Days Online
1
Last Updated
Property Type
Mixed Use
Square Ft.
11,778
Lot Size
0.48 Acres
Year Built
1940
MLS Number
TB8533076
Additional Details
Property Access
Frontage Type: Business District, City Street, Main Throrughfare, Road Responsibility: Public Maintained Road, Road Surface: Asphalt, Paved
Building
Built in 1940, Living area units: Square Feet, Building faces West, Construction Materials: Stucco
Cooling
Central Air
Floors
Concrete
Foundation
Concrete Perimeter
Lot
0.48 acres, Corner Lot, Near Public Transit, Sidewalk, Special Taxing District, Street Lights, Paved
Parking
Curb Parking, Secured, Shared Parking
Property
Fixer
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: A 30 28 19 45M 000041 00001.0, Public Survey Range: 30, Public Survey Section: 28, Annual Amount: $14,488, Tax Block: 000041, Tax Book Number: 6/5, Legal Description: SULPHUR SPRINGS ADDITION LOT 1 BLOCK 41, Lot: 000010, Year: 2025, Zoning: COMMERCIAL
Utilities
Electrical Nearby, Electricity Available, Public, Water Source: Public
Windows
Wood Frames
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