8145 N NEBRASKA AVE Tampa, FL 33604
11,778 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 11,778 sqft
Price per Sqft $131
MLS Listing ID TB8533076
Construction Status Fixer
HOA Y/N No
Year Built 1940
Annual Tax Amount $14,488
Lot Size 0.480 Acres
Acres 0.48
Property Sub-Type Mixed Use
Source Stellar MLS
Property Description
All four folios are under single ownership and are sold together under one contract with one closing. That removes the risk of a holdout on any one parcel. There are two existing buildings totaling about 11,778 SF, configured as up to five rentable units. Two units are currently leased, which provides income to carry the site through design and entitlement.
Zoning and use: The City of Tampa zoning is CI (Commercial Intensive). The Future Land Use designation is CMU-35, which buyers should confirm with City Planning. The recommended use is mid-rise, mixed-income multifamily with ground-floor commercial.
Multifamily and mixed-use incentives: Florida's Live Local Act allows multifamily or mixed-use development on commercially zoned land without a rezoning. At least 40% of the units must be affordable at or below 120% of area median income (AMI) for at least 30 years. Qualifying projects can use the highest density allowed in the jurisdiction and the tallest height allowed within one mile, as the statute sets out. Live Local also created a property tax exemption for affordable units in qualifying developments. It is 75% for units at 80-120% AMI and 100% for units at 80% AMI or below, subject to the statute's unit-count and eligibility requirements. The site may qualify for Low-Income Housing Tax Credit (LIHTC) incentives and possibly Florida Brownfield incentives, subject to environmental review. Florida has no state personal income tax.
Neighborhood: Sulphur Springs was platted in 1904 as the "Sulphur Springs Addition to Tampa." It is known for the 214 ft Sulphur Springs Water Tower, built in 1927. To the west along the Hillsborough River are River Tower Park and Sulphur Springs Park, site of the historic natural spring, along with trail connections. ZooTampa at Lowry Park is a short drive south. The City of Tampa's Sulphur Springs Neighborhood Action Plan (2025) addresses new housing, walkability and reinvestment. New residential and mixed-use projects are already underway nearby.
Market and access: The Tampa Bay metro has more than 3.3 million residents and is among the fastest-growing in the country. Major projects are reshaping the urban core, including Water Street Phase 2, Gasworx, Rome Yard and USF's on-campus stadium. The site is about 5 miles from Downtown Tampa, about 4 miles from USF, minutes from I-275 and about 15 minutes from Tampa International Airport (TPA).
Buyers should confirm final entitlements, unit yield, Live Local and tax exemption eligibility, and incentive qualification with the City of Tampa and qualified legal counsel. All distances and figures are approximate.
Location
State FL
County Hillsborough
Area 33604 - Tampa / Sulphur Springs
Zoning COMMERCIAL
Interior
Cooling Central Air
Flooring Concrete, Other
Exterior
Parking Features Curb Parking, Secured, Shared Parking
Utilities Available Electrical Nearby, Electricity Available, Public
View Y/N No
Water Access No
Roof Type Other
Exposure West
Building
Lot Description Corner Lot, Near Public Transit, Sidewalk, Special Taxing District, Street Lights, Paved
Foundation Concrete Perimeter
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Construction Status Fixer
Others
Ownership Fee Simple
Acceptable Financing Cash, Commercial Financing
Listing Terms Cash, Commercial Financing
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8533076
