Prime Waterfront Development Opportunity – 16.96 Acres on the Alafia River Investors, Developers, and Builders — this is a rare opportunity to acquire 16.96 acres of waterfront property approved for development of 101 luxury townhomes in one of the fastest-growing areas of South Hillsborough County. Located just west of the I-75 and Gibsonton Drive interchange, this exceptional property includes three parcels (9234, 9236, and 9248 Old Gibsonton Drive) and offers approximately 400 feet of frontage along the scenic Alafia River. The site features a 16-foot embankment overlooking the river, providing elevated views and an ideal setting for a luxury waterfront townhome community. County approvals allow for development of 101 upscale townhomes, along with amenities such as a clubhouse, resort-style pool, river access, and potential marina with dock and up to 76 boat slips. Residents would enjoy direct boating access with a short ride to the open waters of Tampa Bay. The property is ideally situated directly across from major national retailers and hotels, including Walmart, Cracker Barrel, a national hotel chain, movie theater, and numerous restaurants and shopping options, making it an attractive location for future residents. Key highlights include: 16.96 acres total across three parcels 400 feet of Alafia River frontage Approved for 101 luxury townhomes Potential marina with dock and 76 boat slips Electric, water, and sewer available Phase I Environmental Site Assessment completed Traffic study completed Elevation 20–22 feet above sea level Majority of property located in Zone X (No Flood Zone) with a small portion in Zone AE Minutes to Interstate 75 Easy boating access to Tampa Bay Surrounded by rapid residential and commercial growth, this site offers developers the opportunity to build a premier waterfront townhome community in a high-demand corridor of the Gibsonton area.

Listing courtesy of RE/MAX ACTION FIRST OF FLORIDA (813) 361-9699



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.
Last checked: 2026-03-16 03:36 AM EDT