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INVESTMENT OPPORTUNITY in RIVERSIDE HEIGHTS *Riverside Heights Gem Bordering Tampa Heights* An exceptional opportunity awaits investors with this property located at 702 W Virginia Ave in the highly desirable Riverside Heights neighborhood, bordering vibrant Tampa Heights and just moments from Armature Works and the Tampa Riverwalk. This 1,276 sqft, 3-bedroom, 1-bathroom single-family home, built in 1927, sits on a substantial 0.27-acre lot. It is being sold **as-is** for the convenience of the sellers, making it an ideal canvas for a savvy investor looking to rehab and either sell or lease out for significant returns. The property also features a detached garage, adding to its appeal. The expansive yard offers ample space for additional structures or even the construction of a completely new home. Located about 3 blocks from Hillsborough River, this property is in Flood Zone X, in which lenders do not require flood insurance. Beyond its current use, the property presents a compelling potential for rezoning. Currently zoned RS-60, there's a possibility to rezone for a duplex or even a couple of townhomes. Furthermore, given its prime location, with commercial buildings (attorney, insurance company, real estate company) on all three adjacent corners of West Virginia and North Blvd, there's a strong potential for rezoning to commercial or mixed-use. Adding to its appeal, Tampa is actively developing the *Green ARTery*, a significant 22-mile biking and walking loop, with a portion of it just a few blocks away. This major infrastructure project will enhance the desirability and accessibility of the area, making this property even more attractive for future residents or commercial ventures. Don't miss out on this versatile investment opportunity in a rapidly appreciating Tampa location.
| DAYS ON MARKET | 2 | LAST UPDATED | 5/20/2025 |
|---|---|---|---|
| TRACT | RIVERSIDE NORTH | YEAR BUILT | 1927 |
| COMMUNITY | 33603 - Tampa / Seminole Heights | GARAGE SPACES | 1.0 |
| COUNTY | Hillsborough | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Broward-HB |
|---|---|
| Jr. High School | Stewart-HB |
| High School | Hillsborough-HB |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Range Hood |
| AREA | 33603 - Tampa / Seminole Heights |
| CONSTRUCTION | Frame, Other |
| EXTERIOR | Storage |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central, Electric |
| LOT | 0.27 acre(s) |
| LOT DESCRIPTION | Corner Lot, Level, Near Public Transit |
| LOT DIMENSIONS | 90x130 |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Bungalow |
| SUBDIVISION | RIVERSIDE NORTH |
| TAXES | 7353.77 |
| UTILITIES | Cable Available, Electricity Available, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Correy Smith, KELLER WILLIAMS SOUTH TAMPA, 813-875-3700
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/21/25 9:47 AM PDT.
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