Listing ID : T3544027
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Lot Size
2,178 Sqft
Description
Seller may consider buyer concessions if made in an offer. Discover a prime investment opportunity at 2315 W Spruce Parcel #2 in Tampa. This vacant lot, measuring 25 feet wide by 95 feet deep, has the legal description: THE WEST ONE HALF OF LOT 23, BLOCK 39, MAC FARLANES REVISED MAP OF ADDITIONS TO WEST TAMPA. Situated just minutes from Downtown Tampa, Armature Works, Curtis Hixon Park, Julian Lane Park, and the Riverwalk, this property offers an exceptional location. The property features a larger buildable envelope than most similar properties due to its "PD" zoning status. Setbacks for this lot include a 0-foot side yard setback, provided you maintain a minimum 6-foot distance from any adjacent buildings. The front yard setback is determined by the "block average," which is close to 10 feet. The rear yard setback for a garage accessed by the alley is 6 feet. Additionally, the home has a usable rear alley for convenient parking access via the rear. These flexible setbacks enhance the property's development potential. Notable new construction sales on similar lots in the area highlight the value of this location. For example, 3634 W Palmetto St, built on a 33x103 foot lot but only 18 feet wide, sold for $667,000 ($328/sq ft) with 2030 heated square feet. Another example is 1912 1/2 W Chestnut St, built on a 25x94 foot lot and only 18 feet wide, sold for $619,500 ($327/sq ft) with 1894 heated square feet. Additionally, 2523 W Union St, built on a 25x95 foot lot and only 15 feet wide, sold for $441,000 ($342/sq ft) with 1288 heated square feet. In addition to this parcel, two adjacent lots are available for sale, either together or separately. Parcel #1 measures 50 feet wide by 95 feet deep and shares the same setbacks, as does Parcel #3, which measures 25 feet wide by 95 feet deep. This vacant lot presents a significant opportunity for development in one of Tampa’s most desirable neighborhoods. Contact us today for more information and to schedule a viewing.
