5931 N Rome Avenue, a prime 2.6-acre waterfront property along the Hillsborough River, offers discerning developers seeking properties in the Tampa Bay region a rare investment opportunity. This site currently features 20 fully leased one-bedroom apartment units, generating a steady monthly income of $18,000, with all utilities available. RM-35 zoning offers significant redevelopment potential to 5931 N Rome Avenue, allowing for the construction of up to 93 apartment units. The proposed development plan envisions a luxurious riverfront community with 30 one-bedroom and 63 two-bedroom units, featuring upscale amenities such as a pool, clubhouse, and potential boating facilities. Alternatively, the site offers the option to develop 54 three-story townhomes, each approximately 2,000 square feet, with individual sale prices ranging from $800,000 to $1,000,000. The proposed townhouse site plan is available in the brochure. 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.