Rare opportunity to acquire a 7.05 acre parcel within an approved Planned Development, permitting up to 12 multifamily dwelling units per the Final Conditions of Approval. The property features over an acre of upland suitable for development, overlooking approximately 6 acres of private conservation and natural wetlands.
The site presents a unique development scenario where the allowable unit count is concentrated within the upland area, creating an opportunity for a well designed, efficient layout such as townhomes, duplex style residences, or a compact multifamily concept that leverages the natural surroundings for privacy and buffer.
The property will require standard site work typical of development in the area, including land clearing, environmental coordination, and infrastructure planning. The existing PD approval provides a defined entitlement framework, allowing a developer to bypass full rezoning and move directly into site planning and permitting.
Located on Henderson Road just south of Gunn Highway in the heart of Citrus Park, opportunities like this are increasingly limited. The site offers strong positioning for a boutique residential project in a growing corridor of Hillsborough County.
In addition to its current multifamily entitlement, the property may present potential for alternative development concepts, subject to county approvals, rezoning, or PD modification. Buyers are encouraged to conduct their own due diligence to explore other permissible uses that may align with their development objectives.
This offering is best suited for an experienced developer seeking a manageable scale project with entitlement clarity and the ability to design around environmental features.
Buyer to verify all development parameters, upland acreage, environmental considerations, utility availability, and any potential for alternative uses. Contact agent for supporting documentation. Address is estimated.
Lot Features: Buildable, Conservation Area, In County, Oversized Lot, Wetlands, Wooded
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: None
Utilities
Carport Spaces: 0.00
Road Frontage Type: Other
Sewer: None
Utilities: Other
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2026
Other Features
Country: US
Current Use: Multi Family
Legal Description: THAT PART OF SW 1/4 OF SEC 7-28-18 DESC AS FR SW COR OF SEC 7 N 00 DEG 45 MIN 23 SEC E 266.31 FT ALG W LINE TO POB THN N 00 DEG 45 MIN 23 SEC E 692.27 FT S 61 DEG 21 MIN 03 SEC E 400 FT THN E 320 FT S 365 FT S 78 DEG 44 MIN 21 SEC W 693.52 FT TO POB
Area Major: 33619 - Tampa / Palm River / Progress Village
SHOVEL READY DEVELOPMENT OPPORTUNITY! Bypass the city headachesSite Plan is already APPROVED for 7 Luxury Townhomes. RM 16 zoning on nearly a half acre in a rapidly appreciating pocket of Tampa. Locat
The opportunity is to purchase 1.62 acres on Palm River Road within unincorporated Hillsborough County, FL. The zoning allows for
multifamily development with proposed plans for 17 townhome lots.
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.