Property Description

***DO NOT GO TO THE PROPERTY without listing agent. Motivated seller — offering owner financing with strong development potential. This unique two-property package is priced at $585,000 for both or $325,000 & $295,000 and includes one residence in need of repairs and a second home in better condition that will be delivered vacant within 30 days of closing. Land value alone exceeds selling price. (Zestimate® $393,000, Estimated sales range $358,000 - $424,000.) This is an excellent opportunity for an investor, builder, or end-user seeking financing flexibility, income or repositioning upside, and long-term site value in a rare dual-parcel configuration. Nestled in the transitioning Temple Crest neighborhood near the Hillsborough River, Busch Gardens, and the USF employment corridor, this 3-bedroom, 1-bath home sits on an exceptionally deep 0.96-acre lot — offering both comfortable living today and meaningful long-term redevelopment potential. As a primary residence, rental holding, or interim asset while future planning and entitlement efforts take shape. The home occupies only a small portion of the site, with expansive open land extending to the rear of the property — a rare characteristic in this submarket and a key driver of value. The parcel is located within the City of Tampa RS-60 zoning district, which supports conventional single-family use today and offers theoretical subdivision potential subject to design, access, and municipal approvals. The surrounding area continues to benefit from ongoing reinvestment and neighborhood improvement, supported by proximity to employment centers, parks, and transportation corridors. A compelling upside opportunity exists for parties considering assemblage with the neighboring parcel at 8727 N 26th Street. Together, the two properties create an approximately 1.9 acre development canvas, with prior land-planning interpretations indicating support for single-family infill in an “as-is” condition and the possibility of pursuing higher-density residential or townhome / multifamily concepts through future land-use and zoning approvals. Buyers are encouraged to conduct independent due diligence with the City of Tampa to explore subdivision, RS-60 lot yield, or path-to-RM / PD-style entitlement strategies consistent with the broader redevelopment trajectory of Temple Crest. This is an excellent opportunity for an investor, builder, or end-user seeking financing flexibility, income or repositioning upside, and long-term site value in a rare dual-parcel configuration. Whether held as a livable residence with abundant outdoor space, positioned as a long-term land investment, or evaluated as part of a larger assemblage-driven redevelopment strategy, this unique property presents a rare opportunity to benefit from both near-term usability and future growth potential in one of Tampa’s emerging communities