8021 Palm River Rd presents a unique income-producing commercial opportunity designed to appeal to owner-users, investors, contractors, service businesses, and redevelopment buyers. The property combines an existing residential income stream with substantial rear-yard utility, abundant parking, and future commercial upside.
The existing residence is currently generating approximately $2,500/month, providing immediate cash… Read More flow from day one. In addition, the expansive rear portion of the property may contain opportunities to generate approximately $1,500/month in additional lease income, based on comparable outdoor storage/yard uses in the market. Together, the property has the potential to support approximately $4,000/month in combined income while a buyer evaluates longer-term use or redevelopment strategies.
For an owner-user, the site offers the ability to operate a business while benefiting from existing rental income that can help offset occupancy costs. The large rear area provides flexibility for vehicle parking, equipment storage, fleet operations, contractor storage, or other compatible commercial uses. This positioning may be especially attractive to HVAC, plumbing, electrical, landscaping, construction, transportation, and similar service-oriented businesses requiring more outdoor space than a conventional office or retail property provides.
For a buy-and-hold investor, the property offers multiple potential income streams rather than relying solely on a single tenant. The existing residential use provides immediate income, while the rear parcel creates the possibility of a separate ground lease, outdoor-storage arrangement, or commercial yard lease.
The property may also appeal to redevelopers and land-focused investors seeking a CG-zoned infill site along Palm River Road. A future buyer could maintain the current income-producing configuration while evaluating redevelopment, expansion, or repositioning opportunities. The combination of commercial zoning, existing residential use, ample site area, parking capacity, nearby retail and residential density, and convenient access to the surrounding Tampa market creates several possible exit and operating strategies.
Key positioning: immediate income today, additional leasing potential, flexible owner-user functionality, and long-term redevelopment upside in one property. Read Less
Courtesy of ALIGN RIGHT REALTY LLC 727-264-6800
Listing Snapshot
Days Online
0
Last Updated
Property Type
Retail
Square Ft.
846
Lot Size
0.34 Acres
Year Built
1955
MLS Number
TB8556519
Additional Details
Property Access
Frontage Type: Access Road, Road Surface: Asphalt
Building
Built in 1955, Living area: 684, Living area units: Square Feet, 1 storey, Construction Materials: Vinyl Siding, Frame
Cooling
Central Air
Floors
Tile
Foundation
Slab
Lot
0.34 acres, Dimensions: 75x200
Taxes
Additional parcels description:, Parcel Number: U-24-29-19-663-000001-53190.0, Public Survey Range: 19, Public Survey Section: 24, Annual Amount: $3,144.72, Tax Block: 1, Tax Book Number: 6-3, Legal Description: SOUTH TAMPA SUBDIVISION S 200 FT OF N 211.6 FT OF W 75 FT OF E 175 FT OF TRACT 11 IN SW 1/4, Lot: 53190, Year: 2025, Zoning: CG
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