114 S BUNGALOW PARK AVENUE, Tampa, FL 33609

• 6 beds |
• 5 baths |
• 3,162 sqft

Property Description

*Attention Developers*: Extremely rare development opportunity to acquire two neighboring corner lots being sold together in one of South Tampa’s fastest-growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner’s relocation presents a unique chance to secure two RM-16 zoned multifamily parcels totaling over 12,300 sqft at a compelling basis in a market where new construction townhomes are selling for 850k - 1.2m+ per unit. So what makes this opportunity so special? 1) Two parcels being sold together: 114 S Bungalow Park Ave and 2801 W Cleveland St, each approx. 0.14 acres with RM-16 multifamily zoning. 2) Three existing single and multifamily structures in fair condition, totaling 5 units. Consisting of: one 2 bed / 1 bath single-family home (1064 heated sqft), two duplexes (1 bed / bath units on each side, 4 beds total, 1092 & 1002 heated sqft respectively). 3) Prime potential redevelopment opportunity in a proven townhome corridor. Based on lot size and positioning, approval for 5 sizable townhomes is likely (buyer to verify). 4) Corner lot positioning enhances design flexibility, access, and end-product desirability. 5) Prime location, within the highly sought-after Mitchell-Wilson-Plant school district, and minutes from groceries, shopping, and the dining and nightlife Hyde Park Village, Midtown, Downtown Tampa, and Howard Avenue. Easy access to I-275, Tampa International Airport, University of Tampa, all of South Tampa’s top amenities. Whether you're looking to redevelop into high-end townhomes, hold for rental income, or execute a phased development strategy, properties offering this level of location, density potential, and flexibility are exceptionally rare. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.

Listing Status:

Active

Date Added:

March 30, 2026

Data Last Updated:

April 2, 2026 at 3:22PM

Listing Office:

RICHARD PETERS REALTY LLC : 352-448-9712

Listing Agent:

Alexander Izikson : 781-996-9676

MLS ID:

TB8491887

Interior

• General: Open Floorplan
• Laundry: Electric Dryer HookupWasher Hookup
• A/C: Wall/Window Unit(s)
• Heating: Electric
• Fireplace: MasonryFireplace

Exterior

• General: None

Construction

• Roofing: Shingle
• General: BlockFrameSlab

Location

• Road/Access: Asphalt
• Originating MLS: Stellar MLS
• County: Hillsborough

Lot

• Zoning: RM-16BUNGALOW CITY LOT 15 BLOCK 1A-22-29-18-3NY-000001-00015.0

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple