Listing Details for MLS # TB8464005
1401 S Desoto Avenue, Tampa, Fl 33606

Residential Property - Single Family Residence in Tampa

Listing Price: $4,950,000Days on Market: 22

Description of Property

This parcel INCLDUES THE ENTIRE HALF ACRE LOT that is bordered by Hills Ave and Howard Ave. Rare opportunity to acquire a PD-zoned half acre parcel in one of South Tampa’s most ICONIC and desirable high-traffic locations—**SOHO** Just steps away from Hyde Park & Bayshore Blvd. THIS IS ONLY the 2nd time this parcel has been available IN 36 YEARS!! One folio number includes the house located at 1401 DeSoto, built in 1957, 2550sf, see "Certificate of Appropriateness' attached regarding the checklist required if demolition is desired. Property is CURRENTLY approved for restaurant use (185 seats), 7800sf interior plans , 600sf patio seating and offered with current approved plan allowing a buyer to move forward with development efficiently. Plans feature a thoughtfully designed, contemporary restaurant concept designed by renowned architects Fleischman Garcia Maslowski, with on-site parking, ample indoor seating, and an an additional covered patio for additional outdoor seating area. This location is ideal for capturing SOHO’s vibrant pedestrian activity and dining culture. The layout supports an inviting indoor-outdoor experience, perfectly suited for casual or upscale dining, café, or new hospitality concept. Surrounded by established residential neighborhoods, popular retail, dining, and nightlife, this location offers exceptional visibility, strong demographics, and consistent foot traffic. A premier development opportunity in a corridor where restaurant sites are increasingly scarce. Ideal for owner-users, restaurateurs, or investors seeking a turnkey path to development in one of Tampa’s most sought-after districts. Become recognized in our community as an innovator to plan and develop as a whole in a single development operation or a programmed series of development phases. PD ZONING designation offers flexibility to combine residential, commercial, institutional, recreational, & other uses.The average asking price for a 3 bedroom/2 bath single family residence in this Zip code is $1,619,100. This single family residence is listed at about 306% of the average asking price. This is the only 3 bedroom/2 bath single family residence between $4,400,000 and $5,600,000 currently listed for sale in this Zip code.