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$440,000
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Property Description
**Seller financing available with an acceptable down payment** Discover an exceptional redevelopment opportunity on this cleared, buildable commercial parcel in a high-visibility location along Tampa's thriving 40th Street corridor. This landmark property was home to a beloved family-owned seafood market that successfully served the community for more than 50 years and is now ready for its next chapter. With public water, sewer, and high-speed internet available, the site is primed for development. Zoned General Commercial (CG), the property offers a wide range of potential uses, including retail, office, restaurant, mixed-use, and other commercial ventures. A standout feature is its three existing curb cuts, providing exceptional access, improved traffic flow, and added flexibility for future site design-an increasingly valuable asset for developers and business owners alike. Conveniently located with easy access to major roadways, public transportation, and surrounding amenities, the property offers outstanding visibility and accessibility. For buyers exploring residential redevelopment, the site may have the potential for approximately 10-12 residential units, subject to final site design, density, zoning approvals, and applicable county requirements. Buyers are encouraged to conduct their own due diligence with Hillsborough County regarding zoning, permitted uses, variances, and development requirements. Whether you're an owner-user, developer, or investor seeking your next project, this unique property offers tremendous upside in one of Tampa's rapidly growing corridors. Contact us today for additional information or to schedule your private tour.
Full Property Details
Full Property Details for 7502 N 40th St
General
- Price: $440,000
- Taxes: $2,027 (2025)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: TB8525300
- Updated: 7/3/2026
- Added to Site: 8 day(s) ago
Location
- Area: 33604 - Tampa / Sulphur Springs
- County: Hillsborough
- Development Name: 33604 - Tampa / Sulphur Springs
- Subdivision: TEMPLE CREST UNIT 3
- Driving Directions: From I-275, take Busch Blvd east to N. 40th St. Turn right (south) on N. 40th St. Property is approximately 1 mile south on the northwest corner of N. 40th St. and E. Norfolk St.
Community
- Community Name: 33604 - Tampa / Sulphur Springs
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- Current Bldg. Use: Commercial
Lot Features
- Lot Size (Acres): 0.39
- Lot Size (Sq. Ft.): 16,798
- Lot Size: 16798
- Lot Dimensions: 63 x 128
- Frontage: Street Lights, Street Paved
- Street/Road Desc.: Paved, Asphalt
Financial Considerations
- Price Per Acre: $1,128,205
- Tax Amount: $2,027.56
- Tax Year: 2025
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 Musgrave Group Llc
Get Pre-Approved Today
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 ATTOM Data Solutions 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
7/03/2026
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# TB8525300) is a Lots/Land property with a lot size of 0.39 acres. 7502 N 40th Street is currently listed for $440,000 and was received on July 03, 2026. 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.

