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$440,000
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Property Description
Discover the timeless value of this landmark property, once the beloved home of a family-owned seafood market that thrived for over 50 years, now ready for your visionary next chapter. Nestled on cleared, buildable land with essential utilities like public water, sewer, and high-speed internet already in place, it invites endless possibilities in a prime spot with easy access to major roadways, public transit, and local amenities. Picture launching your dream commercial venture or embarking on an exciting redevelopment its General Commercial (CG) zoning opens doors to diverse uses, from vibrant retail to mixed-use gems. For those eyeing residential potential, envision crafting 10 to 12 cozy units, tailored to the final design, density approvals, and fine-tuning setback adjustments. Unlock that flexibility through a Variance (Zoning Variance Request) or Administrative Variance via the Hillsborough County Land Use Hearing Section, easing standards like setbacks, height, or lot coverage when unique property hardships not self-made call for it. Minor tweaks often sail through staff approval without public hearings, paving a smoother path to your goals. This gem offers boundless upside for owner-users, developers, or savvy investors eager to breathe new life into a high-visibility historic corner along Tampa's booming 40th Street corridor. Seller financing possible on a solid down payment, your opportunity awaits reach out today for details, variance insights, and your private tour.
Full Property Details
Full Property Details for 7502 N 40th St
General
- Price: $440,000
- Taxes: $1,819 (2024)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: TB8351726
- Updated: 11/29/2025
- Added to Site: 335 day(s) ago
Location
- Area: 33604 - Tampa / Sulphur Springs
- County: Hillsborough
- Development Name: 33604 - Tampa / Sulphur Springs
- Subdivision: TEMPLE CREST UNIT 3
- Driving Directions: Located North of the Hillsborough River S. Streets on the Northwest Corner of 40th Street.
- Direction Faces: East
School Information
- Elementary School: Kimbell Elementary School
- Middle School: Sligh-HB
- High School: Wharton-HB
Community
- Community Name: 33604 - Tampa / Sulphur Springs
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available, Cable TV Available, Electrical Nearby, Electricity Available, Public, Sewer Available, Street Lights, Utility Pole, Water Available
Structural Information
- Current Bldg. Use: Commercial
Lot Features
- Lot Size (Acres): 0.5
- Lot Size (Sq. Ft.): 21,700
- Lot Size: 21700
- Lot Dimensions: 63 x 128
- Frontage: Street Lights, Street Paved, Access Road
- Street/Road Desc.: Paved, Asphalt
Financial Considerations
- Price Per Acre: $880,000
- Tax Amount: $1,819.56
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: TEMPLE CREST UNIT NO 3 S 12 1/2 FT OF E 32 FT OF LOT 13 AND E 32 FT OF LOT 14 & ALLEY ABUTTING & LOTS 15 16 & S 1/2 OF LOT 17 BLOCK 43 LESS RD R/W TOGETHER WITH LOTS 13 AND 14 AND S 1/2 OF LOT 12 BLOCK 43 LESS E 32 FT THEREOF
- Flood Zone Info: x
- APN: A28281946B00004300013.1
- Property ID: A28281946B00004300013.1
- Block/Lot/Section: 43
Listed by Real Broker, Llc
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Schools
Schools serving 7502 N 40th St
School District:Hillsborough County School District
| Name | Grades | Distance |
|---|---|---|
Kimbell Elementary School 8406 North 46th Street, Tampa, FL 33617 | K-5 | 0.7 mi |
Sligh Middle School 2011 East Sligh Avenue, Tampa, FL 33610 | 6-8 | 1.5 mi |
Wharton High School 20150 Bruce B Downs Boulevard, Tampa, FL 33647 | 9-12 | 10.4 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 7502 N 40th St
Date
Details
Price
Change
Source
2/17/2025
Listed
$440,000
—
MLS
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 7502 N 40th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,028
11%
$150,800
-1%
2024
$1,820
15%
$151,640
8%
2023
$1,588
65%
$140,346
224%
2021
$961
-10%
$43,265
-20%
2022
$1,062
11%
$53,852
19%
2021
$961
-1%
$45,245
3%
2019
$975
7%
$43,762
9%
2018
$911
1%
$40,298
2%
2017
$898
10%
$39,610
11%
2016
$813
7%
$35,841
5%
2015
$763
7%
$34,155
3%
2014
$714
-3%
$33,024
-1%
2013
$738
—
$33,525
—
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 7502 N 40th St
7502 N 40th Street, Tampa, FL 33604 (MLS# TB8351726) is a Lots/Land property with a lot size of 0.5 acres. 7502 N 40th Street is currently listed for $440,000 and was received on February 17, 2025. Want to learn more about 7502 N 40th Street? Do you have questions about finding other Lots/Land 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.

