8145 N NEBRASKA AVE, TAMPA, FL, 33604
$1,550,000
Commercial Sale
Lot Size
21,002 Sqft
NORTH NEBRASKA AVE REDEVELOPMENT ASSEMBLAGE — ±0.48 ACRE, CI ZONING, INCOME IN PLACE Four contiguous, commercially zoned parcels at 8127, 8133, 8139 & 8145 N Nebraska Ave assemble ±0.48 acre (±20,900 SF) and ±200 ft of continuous frontage into a single, development-ready site in Tampa's Sulphur Springs district — corridor-fronting infill land that rarely trades in one piece this close to Downtown Tampa. All four folios are under single ownership and sold together: one contract, one closing. Two existing buildings totaling ±11,778 SF are configured as up to five rentable units with two currently leased, providing income in place to carry the site through design and entitlement. A redevelopment and community-improvement opportunity on a City of Tampa priority corridor. The Sulphur Springs Neighborhood Action Plan (2025) guides new housing, walkability, and reinvestment, and mixed-use/residential projects are already rising nearby. WHY IT WORKS FOR MULTIFAMILY / MIXED-USE CI (Commercial Intensive) zoning on a transit corridor — the land-use base Florida's Live Local Act rewards for residential density Live Local Act pathway to by-right multifamily density and height (no rezoning) when 40%+ of units are affordable at 120% AMI or below Missing Middle property-tax exemption — up to 100% ad valorem exemption on affordable units LIHTC-eligible census tract; no Florida state income tax Potential Florida Brownfield incentives (subject to environmental review) Single ownership removes assemblage holdout risk RIVERFRONT SETTING Platted in 1904 as the original "Sulphur Springs Addition to Tampa," the neighborhood is anchored by the historic 214-ft Sulphur Springs Water Tower (1927). Just west toward the Hillsborough River: River Tower Park, Sulphur Springs Park (natural spring + spring-fed pool), and the Sulphur Springs Trail greenway, with ZooTampa at Lowry Park downstream — a built-in amenity base that supports rents and absorption. TAMPA BAY GROWTH One of the fastest-growing U.S. metros — 3.3M+ residents and a projected +397,000 by 2030, in a state with no personal income tax. Billions in capital are reshaping the core (Water Street Phase 2, Gasworx, Rome Yard, USF's on-campus stadium), and North Nebraska Ave is positioned to absorb the spillover — minutes from Downtown Tampa (~5 mi), USF (~4 mi) and I-275, ~15 min to Tampa International Airport. USE PATHWAY: Hillsborough County land use — Commercial. City of Tampa zoning — CI. Future Land Use — CMU-35 (confirm with City Planning). Residential/mixed-use achievable by right via the Live Local Act; recommended use: mid-rise mixed-income multifamily with ground-floor commercial. Final entitlements, unit yield, and incentive eligibility subject to verification with the City of Tampa and qualified counsel.
Property Details
Property Features Property Features
MLS ID: MFRTB8533076 Year Built: 1940
Construction Materials: Stucco Cooling: Central Air
Country: US County Or Parish: Hillsborough
Direction Faces: West Flooring: Concrete, Other
Foundation Details: Concrete Perimeter Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Commercial Financing Lot Features: Corner Lot, Near Public Transit, Sidewalk, Special Taxing District, Street Lights, Paved
Parking Features: Curb Parking, Secured, Shared Parking Possession: Close Of Escrow
Property Condition: Fixer Property Sub Type: Mixed Use
Property Type: Commercial Sale Road Frontage Type: Business District, City Street, Main Throrughfare
Road Responsibility: Public Maintained Road Road Surface Type: Asphalt, Paved
Roof: Other Sewer: Public Sewer
Showing Requirements: 24 Hour Notice, Appointment Only, Listing Agent Must Accompany, ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Electrical Nearby, Electricity Available, Public Water Source: Public
Window Features: Wood Frames
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