Redeveloment Opportunity - South Tampa

Vacant Land for Sale
Catylist Listing ID: 30474435
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 1.65 Acres
Sale Price: $1,950,000
Unit Price: $1,181,818 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

Excellent opportunity for redevelopment. This 1.65 acre parcel was previously approved for a 20 unit townhouse PD by Tampa City Council December 18, 1987. It is my understanding that as long as the site development plan dated 11/9/1987 is followed, development can proceed under the existing PD. The Future Land Use for the East 1/2 of the property is R-35 and the West 1/2 R-20. If a new PD was applied for it is our estimate that up to 30 townhouse units might be possible. Under the future land use up to 45 multi-family units might be possible. If SFR lots are desired, we estimate 8-12 lots might be possible. in that event the existing 3,300 SF home might be retained. The existing elevations appear to be about 11' with the floor elevation of the house at 14' according to a 2/14/2000 survey

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Hillsborough County
Tax ID/APN: 18301641X000002000120A
Zoning: PD
Property Located Between: Elrod Ave. and S. Church Ave.
Property Visibility: Good
Legal Description: WALL'S SUBDIVISION LOT 12 LESS S 225 FT THEREOF BLOCK 2
Largest Nearby Street: S. Dale Mabry Hwy and Interbay Blvd.
Feet of Frontage: 178
Site Description: Presently has a single family home on 1.65 acre
Area Description: Close to MacDill AFB main entry gate
Lot Frontage: 178
Lot Depth: 400
Zoning Description: PD - with Future Land Use: East 1/2 R-35 and West 1/2 R-20
Development Name: N/A
Topography: Level
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,227 53,752 96,730
Median Age: 36.36 39.43 39.56
Households: 6,695 24,421 45,205

Contact

Photograph of Listing Agent

Elliott M. Ross, CCIM

Ross Realty Group, Inc.
CE-FL Member
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