308 E WATERS AVENUE
Tampa, FL, 33604 $ 660,000
Bedrooms-- Baths-- Sq 2,300 Monthly Estimate*
$ 4,118
for $660,000. This 2,300 square foot building was built in 1955 on a lot size of 0.09.
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.
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FeaturesGeneralCooling Central Air
Zoning CG
Construction Materials Block
Year Built 1955
Property Subtype Mixed Use
Tax Year 2024
Ownership Sole Proprietor
Additional Parcels Description A-24-28-18-3EF-000029-00003.0
County Hillsborough
New Construction false
Property Type Commercial Sale
Subdivision Name IRVINTON HEIGHTS
Status Active
Directions From Florida and Waters head East on Waters to the property
City TAMPA
MLS Area 33604 - Tampa / Sulphur Springs
Lot Size Units Square Feet
Lot Size Square Feet 4075
Tax Annual Amount 1933
Additional Parcels Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8444105
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 3
Legal Description IRVINTON HEIGHTS E 17 FT OF W 47.4 FT OF LOT 3 & E 64.5 FT OF LOT 4 BLOCK 29
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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InteriorAir Conditioning Y/N true
Total Baths 0
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ExteriorLot Size Area 4075
Foundation Details Slab
Number of Buildings 2
Building Area Total 4500
Lot Size Acres 0.09
Road Surface Type Paved
Waterfront Y/N false
Road Frontage Type City Street Main Throrughfare
Number of Lots 2
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* Excluded FeaturesList ByFrank Albert RealtyBroker
RHeffernanFAR@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,118
- Monthly Property Taxes
- $161
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Tampa, FL
Average List Price $1,671,917
Percent of Sale Price 153%
About Tampa, FL 378,990 Population
25% Since 2002
$ 49,435 Median Income
37.04 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/19/2025 | $660,000 | | Listed Price |