This 5.69 acre Palm River townhome development site consists of 5 parcels and stretches street to street (51st to 52nd) for over 700 ft along Palm River Road. The site is almost completely cleared and shadows several newer high-end homes that have recently been constructed along the Palm River’s edge. With a prior PD site plan approved, the purchaser will enjoy considerable time savings to either develop according to the existing plan or modify to fit their own design specifications, as well as a huge development savings as Hillsborough County continues waste water service expansion through Phase 3 of the Palm River S2S Project scheduled for Fall of 2026. Sitting just minutes from Downtown Tampa, Ybor City, and Brandon markets via the Selmon Expressway, this site offers an outstanding opportunity to build and provide much needed workforce housing for growing Tampa Bay MSA needs.
Disclaimer: All references to potential development are based upon Future Land Use in the municipal development code. Brokers make no representations as to allowable use or development limits. Purchaser should consult professionals and the local municipality to determine property suitability.
Located in Tampa near S. 50th Street and just south of the Selmon Expressway.
Directions: Veterans Express (589-TOLL S), continue on Memorial Hwy / SR-60 E, take Exit 1B toward SR-616/Spruce St/Raymond James Stadium onto W Spruce St, go 5.2 miles, turn right onto N Boulevard, go 0.3 miles, take the 2nd exit from roundabout onto W Palm Ave, go 0.3 miles, take the 2nd exit from roundabout onto W Palm Avenue, go 0.7 miles, turn right onto N Nebraska Ave (SR-45), go 0.8 miles, take left ramp onto SR-618-TOLL E (Selmon Expy) toward Selmon Expressway Toll East/Brandon, go 3.0 miles, take Exit 11 onto US-41 S (S 50th St), go 0.7 miles, turn left onto Palm River Rd, go 0.2 miles to property.
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ListAOR: Suncoast Tampa
ListAgentAOR: Suncoast Tampa
ListAgentEmail: admin@baystreetcommercial.com
ListAgentFullName: Michael Braccia, PA
ListAgentKey: 74bde9e2d3b2aac9d3ec70618f59d745
ListAgentMlsId: 257003587
ListAgentPreferredPhone: 813-625-2375
ListOfficeKey: e577a7597b665fc6e0dcdf6c36a72819
ListOfficeMlsId: 636700
ListOfficeName: BAY STREET COMMERCIAL LLC
ListOfficePhone: 813-254-6756
ListingContractDate: 2026-01-14
ListingId: TB8465241
LivingAreaUnits: Square Feet
LotSizeArea: 5.69
LotSizeDimensions: 124 x 270.4
LotSizeSquareFeet: 247856
LotSizeUnits: Acres
MLSAreaMajor: 33619 - Tampa / Palm River / Progress Village
MlsStatus: Active
Last Modified: July 28, 2026 at 10:22pm
OnMarketDate: 2026-01-15
OriginalEntryTimestamp: January 15, 2026 at 10:16pm
OriginalListPrice: 1799900
OriginatingSystemKey: stellar
OriginatingSystemName: Stellar MLS
Ownership: Other
ParcelNumber: U222919ZZZ00000149740.0
PhotosChangeTimestamp: January 15, 2026 at 10:19pm
PhotosCount: 10
PostalCodePlus4: 3742
RoadSurfaceType: Asphalt
Sewer: Public Sewer
SourceSystemKey: 779415286
SpecialListingConditions: None
StateOrProvince: FL
StatusChangeTimestamp: January 15, 2026 at 10:16pm
StreetName: PALM RIVER
StreetNumber: 5116
StreetNumberNumeric: 5116
StreetSuffix: ROAD
TaxAnnualAmount: 1910.27
TaxBlock: 1
TaxBookNumber: 2-14
TaxLegalDescription: LOT BEG 310 FT W AND 25 FT N OF SE COR OF NE 1/4 OF NW 1/4 OF SW 1/4 AND RUN N 295 FT E 100 FT S 185 FT AND RUN E 40 FT S 110 FT AND W TO BEG LESS PART FOR PALM RIVER RD R/W TOGETHER WITH COMM AT SW COR OF S 1/2 OF NE 1/4 OF NW 1/4 OF SW 1/4 OF SEC 2 2 RUN THN N 25 FT THN E 340 FT FOR POB THN N 150 FT THN E 10 FT THN S 150 FT THN W 10 FT TO POB
TaxYear: 2024
Utilities: BB/HS Internet Available,Cable Available,Electricity Available