702 W VIRGINIA AVENUE at

702 W VIRGINIA AVENUE

For sale Days on market 166

$574,000

$450/sq ft

$25,000
Price Decreased

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Overview

Bedroom

Bath

Year Built

1927

Garage

Sqft

1276

Property Type

Single Family Residence

Property Description

INVESTMENT OPPORTUNITY in RIVERSIDE HEIGHTS *Riverside Heights Gem Bordering Tampa Heights* An exceptional opportunity awaits investors with this property located at 702 W Virginia Ave in the highly desirable Riverside Heights neighborhood, bordering vibrant Tampa Heights and just moments from Armature Works and the Tampa Riverwalk. This 1,276 sqft, 3-bedroom, 1-bathroom single-family home, built in 1927, sits on a substantial 0.27-acre lot. It is being sold **as-is** for the convenience of the sellers, making it an ideal canvas for a savvy investor looking to rehab and either sell or lease out for significant returns. The property also features a detached garage, adding to its appeal. The expansive yard offers ample space for additional structures or even the construction of a completely new home. Located about 3 blocks from Hillsborough River, this property is in Flood Zone X, in which lenders do not require flood insurance. Beyond its current use, the property presents a compelling potential for rezoning. Currently zoned RS-60, there's a possibility to rezone for a duplex or even a couple of townhomes. Furthermore, given its prime location, with commercial buildings (attorney, insurance company, real estate company) on all three adjacent corners of West Virginia and North Blvd, there's a strong potential for rezoning to commercial or mixed-use. Adding to its appeal, Tampa is actively developing the *Green ARTery*, a significant 22-mile biking and walking loop, with a portion of it just a few blocks away. This major infrastructure project will enhance the desirability and accessibility of the area, making this property even more attractive for future residents or commercial ventures. Don't miss out on this versatile investment opportunity in a rapidly appreciating Tampa location.

Property Details

MLS#

TB8385145

Garage

Total Floor in Bldg

Address

702 VIRGINIA W

City

Tampa

State/county

Zip/Postal Code

33603

Area

Riverside North

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$7,353

Maint Fee

$--

Tax Year

2024

Electric Water Heater

Range Hood

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