Prime Development Opportunity in Tampa’s Growing… — Sale in Tampa, FL

  • Price: $729K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Tampa, FL 33612

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Description

Prime Development Opportunity in Tampa’s Growing Corridor. OWNERS ARE MOTIVATED! Now available: nearly one acre of strategically positioned commercial property at 705 E. Wilma Street , just off Busch Blvd and Nebraska Ave, and directly fronting the high-traffic I-275 entrance/exit ramp. This exceptional site sits next to a brand-new large-scale multi-family development, amplifying both visibility and future demand. The property consists of three parcels (formerly 701, 705, and 801 E. Wilma Street) and already carries the highly sought-after RM-20 zoning , saving you valuable time in the development process. Current income is in place through an existing single-family home and a detached two-car garage. Tower is in the process of being decommissioned—clearing the way for redevelopment. With unmatched exposure to millions of vehicles each month , this site is a rare opportunity for developers seeking high visibility, convenient Interstate access, and the chance to create a signature project in one of Tampa’s fastest-evolving corridors. Don’t miss the chance to secure this property and bring your vision to life. Listing Type: FOR SALE

Market Context

This multifamily in Tampa, FL is listed for sale at $729,000. Compare it against other multifamily listings for sale in Tampa, FL — view the full market.

As of Q4 2025, the Tampa multifamily market showed a 10.3% vacancy rate, average asking rents near $1818.00/unit/mo, and cap rates around 5.7%. Source: multiple brokerage reports, Q4 2025.

Multifamily market FAQ

What is the typical cap rate for multifamily in Tampa?
About 5.7% as of Q4 2025, per multiple brokerage reports.
Is the Tampa multifamily market tightening or softening?
Vacancy is around 10.3% (Q4 2025).

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