Development Opportunity on Davis Islands. Zoned RM-24, this site presents an excellent opportunity for development. According to the City of Tampa, it is possible to construct three townhome units on-site, with convenient alley access. No tree issues. Alternatively, there is potential for a condo conversion of the existing triplex (three-unit apartment building). The current structures are solidly built with concrete block on both the first and second floors. Notably, a new four-unit townhome complex just one building away on the same block is currently listed at approximately $1.5 million. Note existing structures experienced water intrusion from Hurricane Helene.