Commercial Sale · Mixed Use
3901 W PLATT STREET W UNIT 12, TAMPA, FL, 33609
Active13 days on marketListed Jul 31, 2026MLS #TB8534427
About this property
The property at a glance
Discover an architectural gem that blends timeless elegance with the refined character of South Tampa, offering spacious living and modern updates with outstanding income potential. This impressive 6-bedroom, 3 full and 4 half-bath residence is being thoughtfully renovated and offers remarkable flexibility for investors. Inside, an open-concept floor plan creates an inviting atmosphere filled with natural light. You will find a double-door side entrance with a mudroom for bringing groceries to the gourmet kitchen. The impressive gourmet kitchen features quartz countertops, stainless steel appliances, double ovens, an oversized center island, a commercial-style vent hood, abundant workspace, and a separate prep area that can accommodate extra storage or food preparation. The kitchen makes it ideal for everything from everyday meals to large gatherings. The kitchen flows effortlessly into the expansive dining area and spacious great room, providing the perfect setting for entertaining family and friends. Originally restored in 2019, the home continues to be meticulously maintained. It features numerous significant improvements, including updated electrical wiring, upgraded plumbing, fresh interior and exterior paint, new stucco, an irrigation system, and a tankless water heater. A newly constructed concrete front and back patio enhances curb appeal, while the spacious backyard provides plenty of room for outdoor entertainment, gardening, or future enhancements. This property is currently under alteration and now includes 2 extra bedrooms: one with a half bath and the other with a full bath that includes a toilet, sink, and a walk- in accessible shower. Designed with versatility in mind, the home offers multiple living spaces that can easily act as a 6-bedroom assisted living facility or rehabilitation housing. This use of the property today requires special use approval (S-1). With special use approval (S-1) and a best-use scenario, the property can be expanded to accommodate up to 12 beds. Based on comparable assisted living facilities in the surrounding area, the property can generate excellent tenant space income and long-term equity gain with experienced management. It also presents exciting possibilities: Student housing or short-term rental accommodation. Prime location in the South Tampa Area! Perfectly positioned by Hyde Park Village, Bayshore Boulevard, Downtown Tampa, the Westshore Business District, Mid-Town Tampa, Marina Pointe, and Tampa International Airport. This exceptional property places premier dining, shopping, entertainment, waterfront attractions, and major transportation routes all within easy reach. Whether an expansive personal residence, a multi-purpose property, or a high-potential investment, this unique South Tampa opportunity offers flexibility, location, and endless possibilities.
3,063
Building sq ft
$416
Price / sq ft
0.2
Lot acres
1953
Year built
1
Unit
1
Building
RS-60
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
15.11%
Cap rate
$192,600
Net operating income
$417,600
Gross income (yr)
$1,275,000
Price / unit
1
Unit
Estimated payment (illustrative)
Estimated payment
$7,013/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
1,862
Population
$133,336
Median income
38
Median age
2
Avg household
$787,876
Median home value
$1,693/mo
Median rent
286
Households w/ kids
Consumer profile
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A population characterized by healthy eating. Often pre-planning for meals for the purpose of fitness and convenience. Likely to participate in meal prep trends.
Recent sales
What actually sold near 3901 W PLATT STREET W UNIT 12
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,850,000
1702 W CASS STREET
3,016 sqft · $613/sqft · Sold Sep 19, 2025
$880,000
3012 W SITIOS STREET
2,428 sqft · $362/sqft · Sold Nov 14, 2025
$32,400
2915 N BOULEVARD
2,258 sqft · $14/sqft · Sold Jun 30, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 3901 W PLATT STREET W UNIT 12 — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 3901 W PLATT STREET W UNIT 12.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of KELLER WILLIAMS TAMPA PROPERTIES · Coach Cook. MLS #TB8534427.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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