4311 W FIG ST #1
3, 3, 2,184ft²
MLS#: TB8405432
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116 S ARRAWANA AVE, TAMPA, 33609
- $649,000
- Price changed 06/08/2025 from $659,000, -1.52%
- 3 Beds, 2 Baths , 1,664 Sq.Ft
- County: Hillsborough
- Subdivision: PARK CITY
Property highlights
- MLS#: TB8384043
- 9,548.00 lot size Sq.Ft.
- Year built: 1935
- Carport spaces: 2
- Listed: 05/09/2025
- Taxes: $9,823.00
- Virtual Tour
Property Overview
Approximately 9,548 square foot lot zoned RM-16 (Single Family, Multi-Family) with development potential for 4 Townhomes in desirable and thriving Park City. The lot is located near Hyde Park, Davis Islands, and Downtown Tampa. Nearby, new luxury townhomes have demonstrated strong resale values between $900,000 and $1,000,000, indicating the area's appeal. The property currently features a single-family home with 3 bedrooms and 1 bathroom, as well as a detached studio with a full bathroom and kitchenette, both of which are in need of some updating. Update existing buildings or this lot presents an ideal opportunity for an upscale, multi-unit development project, catering to a variety of housing needs in a highly sought-after location. Seller Motivated!
If there is no accepted contract with a developer or builder by August, the Seller will be updating the buildings and re-listing the property at market value. Perfect for owner occupied and the studio can be used for an in-law, teenager or a rental.
If a buyer wants to be involved in the updates, paint colors and appliances schedule an appointment today. The value of the land will continue to increase and should always be ready to build up to 4 townhomes. Sell to a builder in the future or build yourself and reap the rewards. Take advantage of this opportunity.
Driving directions : From I-275 North, take Exit 42 for Armenia Ave/Howard Ave. Turn left onto North Armenia Ave and continue driving south. After a short distance, turn right onto W Azeele Street. Then, make a left turn onto S Arrawana Ave. Continue on S Arrawana Ave, and 116 S Arrawana Ave will be on the right. As you travel south on I-275, take Exit 42 for Armenia Ave/Howard Ave. At the end of the exit ramp, turn right onto North Armenia Ave and continue heading south. After a short distance, make a slight right onto Park City Way. Continue on Park City Way, then turn right onto West Azeele Street. Proceed along Azeele Street and then turn left onto South Arrawana Ave.
Property Features
| Rooms | Dimension | Description |
|---|---|---|
| Kitchen | First level , Vinyl , Ceiling Fan(s) | |
| Living Room | First level , Luxury Vinyl , Ceiling Fan(s) | |
| Dining Room | First level , Luxury Vinyl , Ceiling Fan(s) | |
| Primary Bedroom | First level , Wood , Ceiling Fan(s) |
Interior Features
- Ceiling Fans(s)
- Walk-In Closet(s)
Appliances
- None
Heating
- Central
Laundry features
- Laundry Room
- Washer Hookup
Air Conditioning
- Central Air
Fireplace
- Living Room
Floor Covering
- Ceramic Tile
- Luxury Vinyl
- Wood
Utilities
- Electricity Connected
Exterior features
- Awning(s)
Parking features
- Covered
- Driveway
- Off Street
Construction Materials
- Block
- Vinyl Siding
- Frame
Road Surface Type
- Paved
Roof
- Shingle
Foundation
- Crawlspace
Listing information courtesy of COLDWELL BANKER REALTY
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Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
Listing data comes from My Florida Regional MLS.
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