3558 N 29th Street, TAMPA, FL

About 3558 N 29th Street

Discover a unique and tremendous investment opportunity to acquire a versatile Commercial General (CG) zoned property in one of Tampa’s most actively transitioning corridors. Surrounded by major infrastructure upgrades, new construction residential developments, and a growing slate of business and investment incentives, this property is positioned for substantial returns.Located within multiple highly incentivized zones in Tampa including HubZone, Opportunity Zone, Enterprise Zone, and the Community Redevelopment Area (CRA) this asset offers investors and developers an uncommon combination of flexibility, potential advantageous tax environments, and strong appreciation potential. Inventory with this concentration of incentives is exceptionally rare, making this offering stand out in the East Tampa market.The existing CG zoning supports a wide range of uses such as professional and medical office, retail, salon, and barber services, making it ideal for owner-users or portfolio expansion. The building features 10 functional rooms, including an assembly area, multiple private offices, a conference room, common areas, five bathrooms, a full kitchen and 5 electric meters. Currently utilized as an assembly space, the layout supports both immediate occupancy and efficient reconfiguration for commercial operations. On-site parking available.For developers seeking value-add potential, this property presents a compelling redevelopment pathway. With an approved application through the City of Tampa, the site can be converted to Multifamily Residential Zoning, allowing for the development of a 5-unit income-producing multifamily property. Additionally, investors may explore increasing density through the city's permitting process, creating even greater long-term rental income and property valuation growth.Whether you are looking to strengthen your commercial portfolio or diversify into mixed-use or multifamily assets, this property offers significant upside, strong value-add components, and prime positioning within a rapidly improving neighborhood. With its extensive incentives, redevelopment potential, and versatile existing floor plan, this is a rare opportunity for seasoned investors and developers to capitalize on one of Tampa’s most promising growth zones.

Commercial Sale home for sale in TAMPA, FL at 3558 N 29th Street. This Commercial Sale home is priced at $101/sqft

Map To 3558 N 29th Street, TAMPA