5931 North Rome Avenue, on 3.0 acres along the Hillsborough River, offers a rare waterfront development opportunity in Tampa. The property includes 20 fully leased one-bedroom apartments generating $20,000 in monthly income, providing immediate cash flow. Zoned RM-35 across 2.5 acres, the site allows for up to 93 multifamily units, with a proposed plan for a luxury riverfront community featuring amenities such as a pool, clubhouse, and potential boating access. Alternatively, plans allow for 54 three-story townhomes, each approximately 2,000 square feet, with projected sale prices between $800,000 and $1,000,000. An additional 0.6 acres zoned RS-50 permits up to three residential units directly on the river. With all utilities delivered and a 120-foot height allowance, the site is prepared for high-end residential development in one of Tampa’s most sought-after locations. West of Seminole Heights, a vibrant neighborhood known for its eclectic dining and boutique retailers, the strategically located property is a short 13-minute drive to Downtown Tampa and close to popular destinations such as Armature Works, Ybor City, Zoo Tampa, and Busch Gardens. Within a five-mile radius, total consumer spending reaches $3.5 billion, and the population is projected to grow by 2.0% by 2029, contributing to the strong demand for larger-unit residential communities. With its prime location along the river, redevelopment potential, and proximity to significant attractions, 5931 N Rome Avenue presents a compelling opportunity to invest in and create a premier residential enclave in Tampa.