8021 Palm River Rd presents a unique income-producing commercial opportunity designed to appeal to owner-users, investors, contractors, service businesses, and redevelopment buyers. The property combines an existing residential income stream with substantial rear-yard utility, abundant parking, and future commercial upside. The existing residence is currently generating approximately $2,500/month, providing immediate cash flow from day one. In addition, the expansive rear portion of the property may contain opportunities to generate approximately $1,500/month in additional lease income, based on comparable outdoor storage/yard uses in the market. Together, the property has the potential to support approximately $4,000/month in combined income while a buyer evaluates longer-term use or redevelopment strategies. For an owner-user, the site offers the ability to operate a business while benefiting from existing rental income that can help offset occupancy costs. The large rear area provides flexibility for vehicle parking, equipment storage, fleet operations, contractor storage, or other compatible commercial uses. This positioning may be especially attractive to HVAC, plumbing, electrical, landscaping, construction, transportation, and similar service-oriented businesses requiring more outdoor space than a conventional office or retail property provides. For a buy-and-hold investor, the property offers multiple potential income streams rather than relying solely on a single tenant. The existing residential use provides immediate income, while the rear parcel creates the possibility of a separate ground lease, outdoor-storage arrangement, or commercial yard lease. The property may also appeal to redevelopers and land-focused investors seeking a CG-zoned infill site along Palm River Road. A future buyer could maintain the current income-producing configuration while evaluating redevelopment, expansion, or repositioning opportunities. The combination of commercial zoning, existing residential use, ample site area, parking capacity, nearby retail and residential density, and convenient access to the surrounding Tampa market creates several possible exit and operating strategies. Key positioning: immediate income today, additional leasing potential, flexible owner-user functionality, and long-term redevelopment upside in one property.
- Built in 1955
- $730.99/sqft
- Lot size: 15,000 sqft
- 13 days on market
- Directions: Driving Directions: From I-75, take the exit for E. Adamo Drive (SR 60). Follow signs toward Palm River Road and continue to 8021 Palm River Road, Tampa, FL 33619. Please verify the exact turns against a navigation app before, as the route may vary depending on the direction of travel.
- County: Hillsborough
- Geo subdivision: SOUTH TAMPA SUB
Features
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Exterior
Utilities
Structure
Pets, Accessibility & Amenities
Financial
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Let's get in touch!
Let's get in touch!

Niles Harrison Pfeiffer
Central Florida REALTOR®
- Source: Stellar MLS
- MLS #: TB8556519
Listing updated: October 11, 2026 at 2:31AM
Listing provided by: Keythema Bush, ALIGN RIGHT REALTY LLC
Last checked 12 days ago
Listing provided by: Keythema Bush, ALIGN RIGHT REALTY LLC
Last checked 12 days ago
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