Lighted Corner Mixed Use Development Site (Dr MLK & 26th)

Vacant Land for Sale
Catylist Listing ID: 30736636
Property Subtypes: Multi-Family, Retail
Gross Land Area: 22,782 SF
Sale Price: $469,000
Unit Price: $20.59 PSF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/5/2021

Overview / Comments

This .52 acre, 3 parcel, hard corner assemblage is located at the lighted intersection of E Dr Martin Luther King JR Blvd and 26th directly across from the new C. Blythe Andrew, Jr Public Library. Currently the site has a split zoning (CI-Commercial Intensive & RS-50 - Residential Single Family) but the future land use allows for a more intense development as the rear of the property is Residential-20 and the corner for Community Commercial -35. A developer could petition to have the currently unused alleyway vacated adding more land creating combined site that could yield potential development of 12 mixed use units totaling up to 20,257 SF or a less intense retail / drive through.
* All totals are estimates based upon City of Tampa Land Use Plan and are subject to final review and site plan approval.
* Land Lease Also Available - $40K Annual NNN

Located at the northeast corner of E Dr Martin Luther King Blvd and N 26th Street and east of I-275.

**DETAILED SALE BROCHURE UNDER PHOTOS & DOCUMENTS**

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Hillsborough County
Tax ID/APN: A-05-29-19-49Z-000005-00008.0,A-05-29-19-49Z-000005-00010.0,A-05-29-19-49Z-000005-00011.0
Zoning: CI AND RS-50
Property Located Between: E Dr Martin Luther King Blvd and N 26th St
Largest Nearby Street: E Dr Martin Luther King Jr Blvd
Highway Access: I-275
Airports: Tampa International
Site Description: .52 acre, 3 parcel, hard corner assemblage is located at the lighted intersection of E Dr Martin Luther King JR Blvd and 26th directly across from the new C. Blythe Andrew, Jr Public Library.
Area Description: Located at the northeast corner of E Dr Martin Luther King Blvd and N 26th Street and east of I-275.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,460 118,620 314,621
Median Age: 33.18 34.3 35.5
Households: 5,909 45,755 125,268

Contact

Photograph of Listing Agent

Michael Braccia, P.A.

Bay Street Commercial CE-FL Member
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