This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/63
$660,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/63
Property Description
Restaurant + Office+ 1/1 Residential!! An exceptional opportunity awaits at 308 E Waters Avenue, offering a unique mix of commercial and residential spaces in a rapidly developing Tampa corridor. Perfect for both investors and owner-operators, this multi-use property combines a restaurant space, office/retail unit, and a detached one-bedroom home, all in a high-visibility location near Seminole Heights. The 1,500 sq. ft. restaurant space is ready for immediate use, with the kitchen featuring a hood system, 3-tier sink, and prep and storage areas. This space is flexible with a counter for pickup service and a spacious dining room for dine-in service. Designed for smooth, efficient operations, it's an ideal setup for restaurateurs looking to launch or expand their concept with minimal build-out time. The layout supports strong customer flow and offers prime visibility on a busy thoroughfare, drawing consistent local and commuter traffic. Next door, the office or retail unit provides additional flexibility-perfect for professional services, boutique retail, or as a complementary business space. This extra unit enhances income potential and allows for multi-tenant use, maximizing returns for investors or offering expansion space for owner-operators. At the rear of the property sits a detached one-bedroom home, offering even more versatility. Use it as a rental unit for additional income, on-site living quarters for staff or owners, or even office/storage space to support the commercial operations. Compact, well-maintained, and easy to lease, it adds a steady residential revenue stream or operational convenience. The spacious lot with ample parking ensures convenience for customers, employees, and tenants-a major advantage in this bustling area. Its proximity to I-275 provides seamless access to downtown Tampa, Seminole Heights, and major commercial corridors, making it highly attractive for customers and deliveries alike. Situated in an up-and-coming area with strong development momentum, 308 E Waters Avenue offers tremendous long-term growth potential. Whether you're an entrepreneur looking for a live-work opportunity, a restaurateur ready to expand, or an investor seeking diversified income streams, this property delivers flexibility, function, and future value in one of Tampa's most exciting markets.
Full Property Details
Full Property Details for 308 E Waters Ave
General
- Price: $660,000
- Taxes: $1,933 (2024)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: TB8444105
- Updated: 11/8/2025
- Added to Site: 96 day(s) ago
Location
- Area: 33604 - Tampa / Sulphur Springs
- County: Hillsborough
- Development Name: 33604 - Tampa / Sulphur Springs
- Subdivision: IRVINTON HEIGHTS
- Driving Directions: From Florida and Waters head East on Waters to the property
Community
- Community Name: 33604 - Tampa / Sulphur Springs
Heating & Cooling
- Cooling Type: Central Air
Structural Information
- # Buildings: 2
- Exterior Const.: Block
- Square Feet: 2,300
- Year Built: 1955
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 4,075
- Lot Size: 4075
- Frontage: City Street, Main Throrughfare
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $1,933
- Tax Year: 2024
Disclosures and Reports
- Ownership: Sole Proprietor
- Special Conditions: None
- Legal Description: IRVINTON HEIGHTS E 17 FT OF W 47.4 FT OF LOT 3 & E 64.5 FT OF LOT 4 BLOCK 29
- Flood Zone Info: X
- APN: A2428183EF00002900003.1
- Property ID: A2428183EF00002900003.1
- Block/Lot/Section: 29
Listed by Frank Albert Realty
Get Pre-Approved Today
Schools
Schools serving 308 E Waters Ave
School District:Hillsborough County School District
| Name | Grades | Distance |
|---|---|---|
Cleveland Elementary School, Tampa, FL 723 East Hamilton Avenue, Tampa, FL 33604 | K-5 | 0.8 mi |
Adams Middle School 10201 North Boulevard, Tampa, FL 33612 | 6-8 | 1.3 mi |
Chamberlain High School 9401 North Boulevard, Tampa, FL 33612 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 308 E Waters Ave
Date
Details
Price
Change
Source
11/03/2025
Listed
$660,000
470.44%
MLS
6/16/2016
Sold
$115,700
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 308 E Waters Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,153
11%
$101,000
3%
2024
$1,933
7%
$98,228
5%
2023
$1,806
20%
$93,131
36%
2021
$1,509
-10%
$68,286
-20%
2022
$1,670
11%
$85,446
17%
2021
$1,509
-2%
$72,763
5%
2019
$1,535
5%
$69,351
5%
2018
$1,466
8%
$65,985
7%
2017
$1,362
12%
$61,904
15%
2016
$1,219
10%
$53,798
8%
2015
$1,113
8%
$49,771
4%
2014
$1,034
—
$47,770
1%
2013
$1,039
—
$47,121
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 308 E Waters Ave
308 E Waters Avenue, Tampa, FL 33604 (MLS# TB8444105) is a Commercial property. 308 E Waters Avenue is currently listed for $660,000 and was received on November 03, 2025. Want to learn more about 308 E Waters Avenue? Do you have questions about finding other Commercial real estate for sale in Sulphur Springs? You can browse all Sulphur Springs real estate or contact a Coldwell Banker agent to request more information.

